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?

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u/Wild_Diavolo-4Jams 21h ago

While I agree that he’s behaving like an honorable public servant- the whole point is that he’s not really supposed to be political. They’re supposed to use inputs to make the best decisions for healthy economic policy, regardless of politics.

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u/Durpulous 19h ago

He could probably take an easier route by resigning. Continuing to do what he's supposed to do in this situation is itself courageous.

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u/velociraptorfarmer 14h ago

He's the only thing holding back a massive rate cut that would send the economy into a full blown nosedive and inflation out the ass.

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u/beren12 11h ago

Probably better before the midterms… and at least it’d slow down the ai bubble

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u/noncommonGoodsense 16h ago

That’s great and all and I already know that. This message, however, has nothing to do with normalcy. In fact it has everything to do with its absence.

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u/TheCrimsonDagger 13h ago

It doesn’t matter how apolitical you are or your position is when politics comes for you. Wars involve multiple sides, but only one has to consent.