Article

2025-08-07 Economy

‘Erratic And Vindictive': Victor Davis Hanson Says Jerome Powell Reminds Him Of Another Powerful Federal Official

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Posted by Besoeker 2025-08-07 06:31|| || Front Page|| [190 views ] Top

#1 Well beyond "use before date." As soon as Powell retires or leaves the office, changes must be made.

Posted by Besoeker 2025-08-07 06:43|| 2025-08-07 06:43|| Front Page Top

#2 The Fed was created to address the numerous 'crashes' of the 19th Century even though we were gold/silver based economy. Based upon the metrics of the first Depression, we've had two under the Fed and numerous recessions. They're fueled a number of those by their own actions. It doesn't work as sold. Given that it can 'create' money literally by the pressing of a button in the digital age, this is a power that can destroy.

Posted by Procopius2k 2025-08-07 07:16|| 2025-08-07 07:16|| Front Page Top

#3 Sounds like most of the weak and vain people that have been around since Obumble

Posted by DarthVader 2025-08-07 09:13|| 2025-08-07 09:13|| Front Page Top

#4 Name the replacement now and hold press conferences now on what he intends to do. Since the markets react on future events, it will mute "Too Late" Powell's effect and he may self deport, as it were, if embarrassed enough.

Banishment Room

Posted by Warthog 2025-08-07 09:23|| 2025-08-07 09:23|| Front Page Top

#5 Another reason why the unitary executive theory is popular with the constitutionalist crowd.

Posted by Melancholic 2025-08-07 14:45|| 2025-08-07 14:45|| Front Page Top

#6 The Treasuries (especially the 10 year T bond) came down to 4.2% yield a few days ago.

If it hits 4.0% the US borrower will be energized a bit even if the Fed rate doesn't change. But at this point the betting is for a 25 basis point drop in Sept.

Posted by Lord Garth 2025-08-07 21:09|| 2025-08-07 21:09|| Front Page Top

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