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    John Coates (jciv@mastodon.social)'s status on Friday, 14-Feb-2025 05:48:38 JSTJohn CoatesJohn Coates
    in reply to

    The only way the Fed can fight inflation is if it's independent.

    Imagine Jay Powell doesn't cut rates when Trump wants him to do that, to juice the economy when it eventually slides into recession.

    If the DOJ's position is upheld by the SCOTUS, then Trump could fire Powell and install anyone (Musk, Bannon, my dogwalker) with strict instructions to cut rates.

    2/n

    In conversationabout 4 months ago from mastodon.socialpermalink
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