Jerome Powell will remain on Fed Board as governor after term ends

westvillagecrank.bsky.social16

If I were Powell, I would hire a food-taster, full-time security, and I would turn my mobile phone off. Forever.

Me-Shell, myself and I14

Powell has more love of country then trump or anyone supporting his traitorous behavior

notthecoolest.bsky.social10

Worth noting the other Fed Chair who broke this norm was Marriner Eccles in the 40s, who stuck around as Governor after his term as Chair ended because he felt he needed to help protect the Fed from attacks against it's independence. The past doesn't always repeat, but it frequently rhymes.

Big G6

Republicans have thrown tradition to the wind. Hope he stays until 2028.

Netty Bo Betty6

Agree or disagree with his policies, he‘s truly doing what he believes to be the right thing. If it wasn’t for Trump’s lies and destructive actions involving the Federal Reserve Powell could have enjoyed his retirement. Now he’s staying to defend the Fed.

gl00mbrd.bsky.social4

Hopefully he holds his ground and doesn’t cave to trump on this

Powell has given the U.S. a great gift by remaining a governor -- a voice for fiscal sanity. Powell is an important ally of democracy, but we all have a part to play if we want to keep it.

Tracy Whitney3

It’s wonderful to see someone fighting back!

Crazy Mary antifascist3

I was hoping he stayed

Sometimes Poet2

Thank you, Jerome Powell. A true American hero standing up to the foul, treasonous Trump.

Debbie Coffee2

In all those decades, was THEIR Central Bank in the middle of fighting such ridiculous legal challenges?

Craig M.2

It will annoy Cheeto; for that alone, this is a good thing. And there are *many* reasons to like this.

noahs-arc0602.bsky.social2

How many chairs had president pressure by a bully like Trump

🕊GIVE PEACE A CHANCE🕊2

Powell has done an amazing job, even under immense duress! That's a sign that he might actually love his work! Still, I hope he realizes how much we all appreciate him staying on until 2028!

robertswartz.bsky.social2

For decades the serving President wasn't trying to take operational control of the Federal Reserve. This is the right move after they dropped but didn't drop their investigation.

SailorLife2

So hoping he can help stave off hyperinflation.

Joanne in Boston6

I have deep respect for this man…

Inthemountains2

The Fat One's gonna rage tweet about this very soon

haptrails.bsky.social2

If only more in Congress had Powells backbone. And he's a Trump appointee

POWELL for the win!.. #littlepinky meet #middlefinger

🐸SayItToMyFace❌👑37

How dare anyone from the Republican Party say ANYTHING about spending too much. $2B a day for a war of choice. WTF. They are so arrogant

jdschwartz.bsky.social20

Quiet part out loud (again)…

Debby33 ❌ 👑19

Of course these people would assume That cashing in is all anyone in this world cares about 💰💰💰💰

sifighter.bsky.social15

Normally it would be unusual, but it’s not required by law and you pushed him. He probably would have left if not for all the criminal indictment bs so if I was him I’d stick around too as a not so subtle fuck you.

Democratic Free Press12

Trump is spending $1 trillion every 150 days Taxes bring in $5 trillion Hes spent that in less than 1 year. Supoosed to last 4 years.

Blue Kentucky Gal12

Wow. Very Republican attitude. Give up public service and cash in your experience. They just do not understand honorable people.

Wolvie8

Jerome Powell certainly seems like a money grubbing opportunist just ready to “cash in,” doesn’t he? 🙄

⑧⑥ ④⑦8

STFU It is not unusual for a Fed Chair to remain on as a governor of the FOMC after their chair term ends. The Fed Chair is always a member of the Board of Governors, with a separate 14-year term that outlasts the four-year chair appointment.

Michelle B ❌👑8

Rolodex is right up there with rotary phone.

Sick & Tired 🦋💙🦋7

He needs to stay on. And he knows it.

Ody7

"He should be corrupt as the rest of us. I don't understand why he won't cash in, if you will."

italia1110.bsky.social6

This confirms what politicians do. They encourage each other to cash in and screw the American working class.

fluttermouse 🦇5

This seems like saying this publicly would make him less likely to do that

Shai Hulud 🇺🇸 & 🇳🇬 & 🇮🇳4

It's always about the money for them, not public service

cozybooksonly.bsky.social4

While GOP is focused on vendetta's and grievances, let us all focus on early voting for primaries. Georgia - you are up. Not only primaries, but Supreme Court elections and circuit court elections. VOTE!

OG Blockhead4

How can someone so completely unserious get elected to the Senate?

bombaycrone.bsky.social3

Gee....I feel the same way about you Senator Kevin Cramer.

And yet, here we are2

There are certain people who believe that “public service” means “appearing in a public role in service of enriching one’s self.” Those folks should be booted from office. I’d start with Sen. Cramer.

Jo2

Look around you, my guy. Usual left a long time ago

Suzanne Winland2

Yet more ways for complicit r’s to screw up the economy.

MiJoSzew2

Service for its own sake is a foreign concept to Republicans.

Antifa H.R. Manager on Blueskee2

I guess he doesn't know anything about this guy: en.wikipedia.org/wiki/Marrine...

jerome cylin2

I would stay, just to be a dick.

Mike Rogers2

"It would be unusual for a president to incite a violent riot. Also, it's a good time for him to cash in, if you will, on his fraud, his greed and his opprobrium. He's certainly earned that opportunity. I would hope he would not stay on."

Tom Thumb2

Right after they stick American taxpayers with the bill for a ballroom no one but Trump wanted.

Mark Dewey2

“Cash in” , everything is a fucking grift with these people. (Republicans)

Colleen Carroll2

Rolodex???? How old is this dude?

EARNED MY SPURS: "WE'RE GOVERNED BY ADDLE BRAINED IDIOTS"🐎2

Remember when we had a president who went out of his way to not insult anyone?

clownpenis.fartlow2

I wonder who appointed him

dramaQkarri2

Jerome seems to be a man meeting the moment