There is no reason to believe President Trump will ask Jerome Powell to resign; however, with trillions at stake and the power system (bankers) generally in charge of the government, the media has been manufacturing and pushing a hostile narrative about it for quite some time.
Powell’s term on the Fed Board of Governors ends in mid-2026. The president nominates, and the Senate confirms, the FED Board’s chair and two vice chairs for four-year terms. President Trump picked Jerome Powell, then a governor, to be chair, succeeding Janet Yellen when her term was up in 2018. Powell’s term as chair extends to February 2022.
.
At the news conference announcing the Fed’s decision to lower interest rates by a quarter point Powell was questioned if he would leave his post if asked by Trump, he answered simply, “No.”
Asked if the president could fire or demote him or other Fed governors, Powell simply replied: “Not permitted under the law.”
The Follow up is below.
.
Let’s audit the Fed.
Ditto, way past time
Powell hasn’t been that bad of a Fed Chairman, albeit sometimes by accident. I’m convinced he’ll again try to balance the books on Trump’s back, but we still have terrible inflation and it will wind up being a positive thing.
He’s sort of the Mr. Magoo of Fed Chairman.
Yeah, doesn’t seem like he’s done anything too controversial. PDJT may be fine with leaving him in place
He raised interest rates to destroy Trump’s economy when it was running just fine.
Trump’s economy was never destroyed. Albeit Trump had to browbeat Powell into lowering rates for the emergency. Then the economy bounced back and inflation fell back under 2%, forming the famous V recovery.
I thought he was a nauseating rich elite today. He simply doesn’t give a rat’s arse that he & his rich elitist board helped create the mess we’re in & have no sympathy for the people hit hardest who have the least to say about economic decisions he & his fellow bozos make. He may even be worse than Yellan.
That, the President can do.
Audit?
END the Fed!
This is the correct answer.
End it
Way easier than auditing it
And if that’s what you want to help
Move all your banking to small regional banks
3-5 state footprint
Small derivative exposure
Start a small business or two
Hire small businesses
Pay taxes on April 15th
Not through withholdings
This annualized bleed out
Would shut it all down
But
Few will have the dedication to the solution
Audit it first.
Ron Paul for FED chair. ~ He’s 89 so its just a dream.
^^^THIS^^^. It’s an unconstitutional entity. Woodrow Wilson should have been charged and hung for treason
and his wife too!
Wilson and Obama are cut from the same mold! The Kenyan needs a real big bite of Karma on the @$$!
It’s coming and it’s not a damn thing Jug Ears can do about it.
Of course. But as in the case of the 2020 election, the PEOPLE need to understand before they can accept a major change in our money system. It will require a huge demonstration of their evil before long term or even permanent return to the constitution is possible.
People too often demand a jump straight to the correct solution. All paths are traps — especially the most direct one. The people must understand and support the change. THAT scenario must be allowed to occur first just as allowing them to steal the 2020 election and the government did.
And repudiate the debt.
QUIT PRINTING MONEY!
I am ALL for that.
However;
Quite simply,
The parties that Americans would task with the audit:
Congress,
Are in debt as State Representatives dispensing benefits to the citizens of their districts
In order to audit THE FEDERAL RESERVE
Beneficiaries
Would have to first
Offer proof of Administrative Malfeasance
Committed by the TRUSTEES
(CONGRESS)
To a court that would hear it
That wasn’t complicit in the fraud. . .
Then
Take Congress Before that court
And
The court would then create a third party to perform the audit of Congressional Spending
Then THE FEDERAL RESERVES’ Balance Sheet
And
Loan Terms
could be examined
For example
Go into the next Board Meeting for Bank of America
and demand and audit of their books
While you are in default on your mortgage
Keep me posted. . .
Again, I’m ALL for it
And
The Malfeasance by Congress and a variety of State Governors
But
There really is no where to take this case
Until President Trump is in office
And
Agencies are gutted
Seems so simple.
It’s not easy
And
Requires 20% of the populace to capture their counties
Move their banking
And
Simplify their lives
The vast majority are fixated on fake retirement accounts and SS. . .
Which is empty. . .
But
I still try to post the info
It’s a runaway train.
Mr.Ron Paul will kick him out after audit……
^^^^^^^^^^^
Best man for the job. He has called for that for almost 50 years and knows the ins and outs probably better than anyone in DC.
Damn straight, BK!. We gotta keep pushing cuz we know they won’t stop trying to destroy our country.
Eliminating the Fed Reserve is as good a place as any to start building back America as we know it.
ps-Always appreciate your insights into what’s happening in our country and foreign theaters as well.
TY, I try.
R evoL ution Ron
👍🔥🔥
Having Ron Paul around, would be quite beneficial to furthering certain agenda’s.
This being one of them.
Then let’s end the Fed and return to the gold standard.
I understand the desire for a sound currency
But their isn’t enough gold to handle the trillions of transactions needed for 8 billion people
There is. . .
A method,
Passed into law
In 2022
That allows
Digital tokenization
** NOT CBDC **
THAT IS ASSET BACKED
Gold
Silver
Platinum
Minerals
Timber
Corn
Soybeans
👆👆
President Trump
Already said
NO CBDC. . .
Watch for Digital Tokenization
A Silver Quarter or Dime
From the 50’s
Is a Literal Example that is usable at a farmers market
Silver backed token. . .
It just hasn’t been digitized. . .
I agree with President Trump, no Central Bank Digital Currency.
I am open to using gold, silver, platinum and other commodities, as long as they hold to the standards of money, not merely currency.
I’ve been saying that for years. But, you’re likely to raise the Titanic before that happens. We all know who controls the Fed. Any suggestions to audit them will automatically evoke screams from those who use “Anti Semitism” to f over our country. As long as our currency is controlled by these thugs, America will always be a debtor nation
Your anti Semitic remark rings loud and clear. Telling people that you intend to blame Jews isn’t a free ticket to then go ahead and do it.
My first thought when I heard powell’s comments.
And put Ron Paul in as Auditor!
Let’s END the Fed. It was illegal when it was created. It remains so today.
Let’s dismantle the fed
That would force a LOT of people out… probably better than simply asking for ONE person’s resignation. An audit could result in a completely clean Federal Reserve bank. I would love to see the Federal Reserve system dissolved as Trump’s last act but it can’t be… they’d just bring it right back. So it will have to be a VERY dramatic public demonstration of the Federal Reserve’s evil before we will see a long term return to the US Constitution.
He’s baiting.
Bingo…PDJT hopefully won’t take the bait. Just stay-the-course for the next couple of months.
Ignorant reporter, unfamiliar with how the FED was created and is run, baits Powell with the Trump “You’re Fired” question.
Better reply would be “Inform yourself on the governance of the Federal Reserver, come back next month and ask me a better question.”
Can’t say whether Powell is the least competent person ever to hold the position, but he’s certainly a contender.
Don’t be crazy. Yellen was an absolute political shill.
God Willing, we will enjoy at least another 4 years of MAGAnomics CTH posts
Move his office to Alaska somewhere above the artic circle. He’ll quit.
he looks like the kind of guy who would accidentally fall out of a high rise window in the event of a crisis.
HAY HAY HAY quit picking on Alaska i don’t need that POS living next door
On top of Denali
All covered in snow,
The fed chairman fell out of a real tall win-dow…
Live in the State too and neither do I. (And quite taking a good last name in vain! It’s Hey Hey Hey…)
Barrow would be an excellent place for him 🙂
location,location, location that so many with an attitude richly deserve
“Trump flirted with trying to fire or demote Mr. Powell during his first term in office, but his team concluded that doing so would be legally complicated and might be impossible.
In recent months, Mr. Trump has said he would not fire the Fed chair during a second presidency. Even so, he will have a chance to replace the central bank chief before long, because Mr. Powell’s leadership term ends in May 2026.”
[New York Times excerpt]
https://www.nytimes.com/2024/11/07/business/economy/trump-federal-reserve-powell-interest-rates.html
The President IS the executive branch. President Trump can fire him. Powell can do a lot of damage just to make Trump look bad.
Actually, he cannot. The Fed is an independent entity. He can only be fired for cause.
Not after the Supreme Court decision in United States v. Trump. SCOTUS said the Executive Branch is AN INDIVIDUAL, the President. And that he has unfettered and unreviewable discretion to fire anyone in the Executive Branch. Look at the Constitution: there is no independent branch called the Federal Reserve.
The Fed is an INDEPENDENT entity.
It is not under the Executive Branch because it is not a government agency.
Correct; it is a private, financial corporation; ending true freedom in America. The passing of the federal reserve act in 1913 literally (among other awful consequences) gave away the Treasury’s authority to control banking, finance and in particular, currency in the country. Lincoln issued currency, known as “greenbacks” or “Treasury Notes” to pay for the civil war – interest free !
We have forever since been beholden to the international banksters ever since
Which means it should be neutered ASAP.
President Trump: Okay, you’re fired cause you’re incompetent, Jerome!
Nope: Okay we will shut down the fed, because the fed is incompetent.
Cause is very broad, he can fire him.
Not quite … The Federal Reserve Board of Governors in Washington DC … is an agency of the federal government that reports to and is directly accountable to Congress. Not to the Exec branch. And the Fed (12 branches) is a private entity, owned by the banking cartel itself.
The President cannot fire the Chairman except for cause still stands 🙂
Read :
The Creature From Jekyl Island
It does a really good job of explaining what the Fed is, who controls it, and what it has done to our nation.
Wonder what would happen if the Fed was abolished?
probably another fake pandemic or fake war followed by climate change mandates due to hell freezing over.
Normal people would rejoice?
Things would be good….
GOLD STANDARD!
Much more stable and without the planned destruction (at 2%/year) of our currency, via inflation, which is built into our current Federal Reserve system.
Read:
The Creature From Jekyl Island.
Explains who came up with the idea of the Fed, (hint: bankers and politicians mostly) and why (greed) and what it is and how it works.
We go back running government by pre-1913 standard operating procedures.
Yahoo!
Balanced budgets required and no money for foreign wars that don’t concern us!
More pretending by Powell and the media. I’m guessing that President Trump has “six ways from Sunday” to “encourage” Powell to resign. Art of the deal.
Go away peaceably, or in handcuffs. Conspiracy to overthrow The United States of America.
Unleash Ron Paul
Unleash the Elon (Musk) for an audit…
Elon and Ron Paul…
Its That Time Again
Oh, plenty of bureaucrats in the sea. Powell is the least of our worries. 30-year rates are around 6% which is pretty good. The cheap money days of the early-mid 00’s were a horrible, horrible, idea. Heroin in the economic bloodstream.
Inflation is being driven by energy mainly. 6% rates are no big deal if energy prices come down and prices come down. If 4% vs 6% is a deal breaker for buying a house, you can’t afford to buy a house anyway.
This feels like the media is trying to pick a fight.
Trumps best play in January is to keep all the firings quiet, then release them in a massive flood all at once. It gives the media too many targets and dilutes the impact. “Really? That guy? He’s just one of 10,000. Move along.”
10,000? With Elon around, it will probably be at least a million
Spot on
In ‘94 I paid 9.75% + mortgage insurance for only having a 12% down payment… so I hear ya!
It was a brutal 5 years before I could refinance based on increased property value & equity.
Ours was 9.75 also in 1978,got to the table & they told us 10%,take it or look around.what start over,we took it.
Yep. My first home was a 6.9% VA ARM that got to 9% before rates came back down and I re-fi’d.
“If 4% vs 6% is a deal breaker for buying a house, you can’t afford to buy a house anyway.”
Well that is dumb. There is a price point for everyone, and the higher the interest rate the lower the price of house ANYONE can afford.
If you save up, you can buy down the points.
But I will slightly modify my point to say, “…then you cannot afford to buy THAT house.”
My first home was a run down old 1970’s rancher that I spent the next 7 years fixing up on weekends. I watch TV programs and see all these people looking for Joanna Gaines designs on a Cap’n Crunch budget.
We need to get back to the idea that home prices are reasonable. It’s the insane prices that are keeping people out of the American dream, not 1-2% differences in mortgage rates.
There it is, the cat is out of the bag.
The Banksters are sticking it in our faces with arrogance and hubris.
Expect economic and market turmoil, ie possible hyperinflation and/or market crash to punish the deplorables/proles.
Look at this very carefully:
1. The head of our national monetary system, a private owned organization, defying the potential request of the POTUS to step aside.
2. The Chairman cannot be removed per the way the law was written, and that was done intentionally way back when.
The Banksters own the governments where ever they are located.
And since the central banks are private owned, who exactly are their owners (or ‘controllers’ / shareholders) behind the banks allegedly that are the shareholders once the veil is pulled off of the layered legal corporate shells (banks)?
There is always someone or something behind corporate curtains!
Understand? <<<< 👀
Warren Buffet for one. Has just reduced ownership in Bank of America to apx. 10%. Huge pile of cash and waiting for bargains!
The families that control the Fed were established before Buffet was even born.
Centuries ago.
Rothchilds being the Biggest and Oldest. Warburgs too.
Bank of America is about to get hit for money laundering.
change his location to alaska and remove current building for homeless vets
Between the CFPB decision
https://www.npr.org/2020/06/29/882519237/supreme-court-gives-president-power-to-fire-key-independent-agency-chief
And the US v Trump decision,
President Trump can most certainly fire Mr. Powell.
Whether he chooses to or not, is for him to decide.
Yes, the President _is_ the Executive Branch.
Exactly!!@
Your Fired!!!
The problem is that the Fed is not an ‘agency.’
It is private owned.
If the President must nominate and the Senate must confirm a position, then the President must have the power to fire, for the underlying legislation to be constitutional.
It really is that simple.
If the underlying legislation does not provide the power to fire, then the whole scheme is void.
Scylla, Charibdis.
But it would have to be litigated and it’s iffy because of the 16th Amendment and Federal Reserve Act, both from 1913.
Listen to Powell’s response about the law that is on the books.
He is not wrong about his position as it stands currently.
We have SCOTUS now. We would get the ruling. We would win that case.
In any event, if the federal reserve note goes the way of the Weimar Republic reichsmark in the next two months, the whole discussion is likely to be moot.
I completely agree that it is unconstitutional and it needs to be litigated.
And I feel confident that the SC would probably do the right thing.
It would be more certain though if Congress would just repeal the enabling act.
How to convince them? The 11″ binder.
It does not apply to the Fed Chairman! He can only be fired for cause. The Federal Reserve is not a part of the Executive Branch.
It’s not even a part of the government ! That was a Key Trick to getting the Federal Reserve Act passed in 1913 – put “Federal” in the title and fool the people into believing it’s a government agency not a private bank – which is what it is.
That’s why there’s soooo much inflation AND National Debt – because the government “borrows” money from the Federal Reserve, at interest; because the government gave away its right to issue its own currency to pay for things.
but any profit the federal reserve makes from that Interest still goes to the treasury
The CFPB also had a fired only for cause provision. SCOTUS held it was unconstitutional.
And any entity that answers only to Congress and not the Executive branch is also unconstitutional.
Cause he is an idiot.
Or the US government
Congress could pass a law requiring quarterly audits and public releases of the brokerage accounts of all members of the Fed board of governors, and immediate family.
Or better yet, just abolish the damn thing.
And pigs could sprout wings and fly to the moon…
Trump should make him an offer he couldn’t refuse.
Either Powell’s brains or his signature on the resignation letter…
Jerome: The Federal Reserve Chairman can only be fired for cause.
President Trump: Okay, you’re fired cause you’re incompetent, Jerome!
Powell is only a puppet. No power whatsoever. He is told what he can do.
“In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered but private central bank.”
Charley Reese
Foreign to boot.
💥 💥 💥 💥 💥 💥 💥
PRIVATE, not a government ‘agency.’
And when a private company is insolvent…
It is at the mercy of it’s creditors{We The People}
Simple debt and equity.
We The People are the Federal Reserve.
We keep the equity{cash} and the bankers keep the debt, for what it’s worth{junk}.
You cannot buy a dozen eggs with a T-bill.
Trust God. Fear not.
Absolutely !
He’s sure getting off on the left foot, eh ?
If President Trump could convince his old friend Hillary to tell Powell to resign, he would be gone in 2 minutes.
Abolish the fed. Return to the gold standard.
N E S A R A !!!!!!NOW
^^^^^^^^ and possibly GESARA.
Nice, sejmon!
[excerpt from X22 Report of 7 Nov 2024]
I can still recall the horrible first year and a half of Reagan’s first term. Interest rates increased to get control of inflation, then the tax cuts and set loose an economic tsunami that we benefitted from for almost two decades. Then 2008 hit, the Chicago Jesus emerged from the bowels of Satan, and we’ve been on a roller coaster ride ever since.
Excellent word smithing.
Donald Trump has already spoken to 70 world leaders since Wednesday.
Logan Act fantasies dancing in the Left’s silly heads.
Ron Paul… activate!!
I don’t recall reading about the Federal Reserve in the Constitution.
Yeah, but there were advocates for some form of it from the beginning of our nation.
Woodrow Wilson was the one who saddled us with that and the Federal income tax, among other evil ideas.
Alexander Hamilton was a Huge proponent of it. He was and agent for the Rothchilds.
^^^^^^^^^^
And he got his way for a while until Andrew Jackson came along.
Go back on the gold standard ?
Something tells me he can be gotten rid of if they want to.
Why wouldn’t we just end the fed and quit feeding the Rothschilds bank account.
Perzactly.
Sundance: I’m trying to make sense of this paragraph (2026 and 2022):
“Powell’s term on the Fed Board of Governors ends in mid-2026. The president nominates, and the Senate confirms, the FED Board’s chair and two vice chairs for four-year terms. President Trump picked Jerome Powell, then a governor, to be chair, succeeding Janet Yellen when her term was up in 2018. Powell’s term as chair extends to February 2022.”
2022 is in the past so it makes no sense to me.
End of his first term.
You know…. we are being led by the nose into this “controversy” by a REPORTER asking this question of Jerome Powell. President Trump has already indicated he would let Powell finish his term and hasn’t said anything about removing him prior to that.
So, now it will be a “thing” all over Fox News and other MSM outlets…
The Fed is winding down their system, it is at the end of the Fiats viability.
We need a third person in that meme of Elon and Ron Paul in the office scene, third person being Powell or any other DC appendage. “What do you do here?”
What an arrogant POS.
Does Powell own any horses?
😂
This may have been posted already…but interesting Bannon interview with Scott Bessent, re the Federal Reserve etc
https://rumble.com/v5mv70k-scott-bessent.html
Doing a quick online search to see if the Federal Reserve was created by an Executive Order, but no, it was created by an act of law, so would take an act of law to end it.
https://www.federalreservehistory.org/essays/federal-reserve-act-signed
I have no idea if this is true but in the Bannon chat someone posted:
Cornell Law Review: Congress cannot prevent the President from freely removing the Federal Reserve Chair,
members of the Board of Governors, and perhaps other senior officials.
Just like all the other Dem’s it looks like he’s aged 5 years in the last 5 days.
The Fed has caused the dollar to lose 98% of its value since the Fed began in the early 1900’s.. No bank, private or otherwise, should have the power to collapse the US economy at will.
It is time to examine the best ways to end the Federal Reserve banking cartel which has brought untold ruin on the United States.
If it is illegal for Trump to fire him, then Congress should change the law.
Auditing the Fed won’t accomplish anything. (See the book, The Creature from Jekyll Island by Edward Griffin).
We know what the Fed is: a private cartel in which insider trading has been legalized at the expense of every hard working American.
The arguments for adopting the Fed: to prevent booms and busts, turns out to have been a ruse. Since the Fed was established, booms and busts have been “business as usual” for the American economy, again, at the expense of hard working Americans.
The Fed benefits the most wealthy people in the world at our expense. We do not need the Fed. It is neither Federal nor a source of reserves. It is a private bank that is TOTALLY OPAQUE to Americans. The laws protect the Fed at the expense of Americans. It is unconstitutional.
It is time for Americans to regain control of our currency and stop the manipulation of our currency by a bunch of multi-billionaires.
Mr. Powell, when he does testify before Congress, never reveals what is really going on at the Fed. It is a dog and pony show to make Americans think that Congress has oversight over the Fed. That is not true. There is no oversight over the Fed, Americans are simply victims of whatever whims are decided upon by the Fed.
I am looking forward to finding out what Trump has in mind re: The Fed, crypto, and establishing sound money: a return to our Constitution.
What an arrogant #$#$$%^^##$%^&%^*&%#$@$W He is a great example of what is wrong with this country and DC in particular.
Well if Trump asks him to resign, but has no authority to enforce it, then it would be Powell’s decision.
I have no idea if Powell is some financial genius, but if he had a part in this inflation, whoever does have authority to replace him should, especially in light of his record combined with his obvious defiant attitude.
Worst case is we’re stuck with him until his term ends in May 2026.
Here’s what wikipedia says:
The chairman serves a four-year term after being nominated by the president of the United States and confirmed by the United States Senate; the officeholder serves concurrently as a member of the Board of Governors. The chairman may serve multiple terms, pending a new nomination and confirmation at the end of each term; William McChesney Martin (1951-1970) was the longest serving chair, with Alan Greenspan (1987-2006) a close second. The president may not have the legal authority to dismiss a chairman before the end of a term, although this assumption has never been tested in court.
Well then Trump can at least try. And there will be cause for firing if Trump improves the economy significantly but Powell refuses to lower the federal funds rate.
The Fed was to be formally renewed in 2013. Never heard if/when this was done.
So Powell and Thune are not even pretending to respect the incoming President. Trump was very conciliatory the last time and look where that got him. Trump needs to have some moves ready.
Make Ron Paul Secretary of Treasury, let him give the Fed a good rectal exam
These are the same, evil, dark spirits that arose from the bowels of Hell. They’re generational. They must be destroyed, never to return again!