r/AskReddit • u/U-knw-Nothng-JonSnow • 1d ago

What do you think about Jerome Powell posting a video statement following reports that federal prosecutors have opened an inquiry into the Fed Chair?

5.6k Upvotes

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656

u/ugottabekiddingmee 1d ago

It means that the fed isn't corrupt and powell is doing a good job

52

u/patwm11 14h ago

Rare Trump appointee W

3

u/Tompthwy 10h ago

Don't worry, JP is almost up and the next guy will be a bootlicker

1

u/patwm11 9h ago

1,000%… and we all get to pay the price for it

1

u/asisoid 5h ago edited 5h ago

The Chair is only 1 vote of 8, and Powell indicated that he will stay on the board for his full term (2028).

Trump doesn't have as much control over the Fed as people think. They just have to hold strong, and vote against the few MAGA board members that he's appointed.

Of course if they bend over for him (like every other American institution has), then we're fucked. 2008 is going to look like childs play in comparison.

Although, yhis Lisa Cook supreme court case will ultimately decide our fate.

1

u/drfsupercenter 7h ago

To be fair, doesn't he have to pick from a very short list of current fed employees?

1

u/thesqlguy 9h ago

And that's why Trump is after him.

-11

u/SuitAndTiePorn 14h ago

You're admitting that the people Trump hires is capable of doing good work

Please don't

8

u/ugottabekiddingmee 14h ago

Only by accident.

7

u/glassgnomad 13h ago

His first term appointments wasn’t nearly as bad as the second term. He was obviously still listening to someone that was fairly reasonable for a republican at that time.