This will mean the end of the Federal Reserve Bank as we know it...I'm okay with that.^
Brett Kavanaugh says Trump threatens Federal Reserve independence
Trump’s legal arguments “would weaken, if not shatter, the independence of the Federal Reserve,” the justice said.reason.com
Fed will overshoot rate increases
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Take this one fwiw and dyodd.
The idea sounds fun...but I don't think his failure is to our advantage.
Not now. If the simple Woketards have him arrested and put on a show-trial (the Woke AG in Ohoho is threatening just that) then it advertises just how lawless and crazed they are. But to put him at war with the Fed...Powell and Trump, one positively-charged, the other negatively, and there sparking themselves to death.
Powell I care nothing for. Live by the money-printer, die by it.
Trump I also care nothing for, except that he's better than the Alternative. And giving the loons inertia to begin another round of Vote-Queering and invading the Red States by the tens of millions, is not where we want to go. Or even can survive by.
I'd rather see the nation implode, than those mad kooks grab power again. We can survive collapse of the national government; we can NOT survive a situation where Big Brother is a crazed sodomite who honors no law.
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Kevin Warsh - Wikipedia
en.wikipedia.org
I believe Warsh is the front runner to replace Powell.
Update
Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell
President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the central bank.The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led Fed almost since Powell...
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More (update)
Judge blocks subpoenas in criminal probe of Fed Chair Jerome Powell
Federal Reserve Chair Jerome Powell has said he is being investigated ostensibly for comments he made about the pricey renovations of the Fed's headquarters.
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^
Pirro goes nuts over judges ruling. Actually she's just putting on a performance for T. I heard the entire interview and honestly think she deserves a prize for her acting. Here's part of the interview.
U.S. Attorney Jeanine Pirro (@USAttyPirro): "Jerome Powell today is now bathed in immunity, preventing my office from investigating the Federal Reserve." Full video here: https://www.c-span.org/program/news-c...
8:13
Pirro goes nuts over judges ruling. Actually she's just putting on a performance for T. I heard the entire interview and honestly think she deserves a prize for her acting. Here's part of the interview.
U.S. Attorney Jeanine Pirro: "Jerome Powell today is now bathed in immunity..."
Mar 13, 2026 #cspanU.S. Attorney Jeanine Pirro (@USAttyPirro): "Jerome Powell today is now bathed in immunity, preventing my office from investigating the Federal Reserve." Full video here: https://www.c-span.org/program/news-c...
8:13
What exactly is she saying that is wrong?
Specifically, is what she says about the SC's ruling starting @ 5:50, that a Grand Jury can "investigate merely on suspicion that the law has been violated", true?
Or that it can investigate just to make sure that the law has not been broken?
Isn't that what they were trying to do? Ensure that the law wasn't broken?
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In my opinion no. What she is trying to do is to fuck over Powell because T told her to do it. And, in my opinion, it is directly related to Powell not lowering interest rates. T has called him all sorts of childish names, talked about him like he is some kinda monster and Powell would not cave in to T. That infuriated the prez and he sicked his legal team on him and they went after Powell for no reason what so ever. So, in my opinion the judge did the right thing.
The DOJ has brought several cases against others who went against T. They were all "no billed." That speaks volumes to me.
On a different note, I'm a saver and a senior. T's lowering of interest rates does nothing but screw me over. So I'm kinda rooting for Powell.
Me too...
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It's hard to say, but maybe. Compare to the Chicago mayor that looked like Beetlejuice with a bad hangover and merged with ET and that creature in Alien.
I joked that her alien body-snatcher team laughed at her because she took "the ugly one."
65% sleestack
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The Fed issues its latest interest rate decision Wednesday. Here's what to expect
The Federal Reserve has little choice but to stay on the sidelines this week.
Please raise rates, tell Donnie we can't afford this war...The Fed issues its latest interest rate decision Wednesday. Here's what to expect
The Federal Reserve has little choice but to stay on the sidelines this week.www.cnbc.com
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Fed votes to hold rates steady, notes 'uncertain' impacts from Iran war
The Federal Reserve on Wednesday released its decision in interest rates.
So totally ignore SC rulings that allows investigations even if just to ensure that no laws have been broken?
You complained about Trump supposedly being given immunity from prosecution. (he wasn't)
....but it's ok when it is actually given to one you support?
Is Powell above being investigated? All we heard when your guys were going after Trump was that no one is above the law.
Oh ok, so you're saying it was just like how for over a decade Trump has been called Hitler and anyone showing any support was labeled a Nazi and a fascist and an existential threat to the very foundations of the nation?
Kinda like that you mean?
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It's the truth though ain't it?Ya got me
If he can be called all sorts of heinous names for over a decade, why complain when he says stuff that doesn't even rise to the level of calling someone Hitler, or a fascist?
Those are incredibly insulting things to label anyone as.
.....and the only reason they did was because he beat your hag.
I'm rooting for normalcy. A sustainable monetary system and economy - with incentives for savers/lenders, and opportunity costs to borrowers that preclude malinvestment.
That's what I wanted and voted for. It's not apparently what I'm getting. We all knew Trump understood little of the financial problems of guys with callouses on their hands; but we're surprised at HOW FAST and FAR he's been turned in that cuckoo world that is Washingtoon.
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Fed votes to hold rates steady, notes 'uncertain' impacts from Iran war
The Federal Reserve on Wednesday released its decision in interest rates.
Yesterday Powell said it was steady as she goes.
Here's T today.....................
Trump signals DOJ should continue Powell probe, complicating Warsh Fed nom
Powell has accused the DOJ of investigating him in retaliation for his refusal to lower interest rates as much or as quickly as Trump has demanded.
Yet that same fed did everything they could during Biden's term to keep rates as low as they could.Yesterday Powell said it was steady as she goes.
Here's T today.....................
Trump signals DOJ should continue Powell probe, complicating Warsh Fed nom
Powell has accused the DOJ of investigating him in retaliation for his refusal to lower interest rates as much or as quickly as Trump has demanded.
I don't want 'em to lower rates to zero again, but a little lower would help the govs financial situation.
Lower interest costs free up money with which to give some of them gov freebies you say you want.
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Fun with Grok:
Savings account and CD interest rates were generally higher under Joe Biden (2021 onward) compared to Donald Trump (2017–2021), particularly when looking at peak rates and averages during much of their respective terms. This is largely because deposit rates (savings and CDs) closely track the Federal Reserve's federal funds rate and broader monetary policy, which influences what banks pay depositors.Key Context on Rates
- Deposit rates like high-yield savings accounts (HYSAs) and CDs are not directly set by the president but respond to Fed actions, economic conditions (e.g., inflation), and the federal funds rate.
- Trump's term (pre-pandemic): The Fed raised rates gradually early on (2017–2018), but then cut them sharply in 2019 and to near-zero in 2020 due to COVID-19. Savings and CD rates stayed low for most of the period.
- Biden's term: Rates started very low in 2021 but surged dramatically in 2022–2023 as the Fed hiked rates aggressively to combat high inflation (peaking around 9% in 2022). This led to the highest savings/CD yields in over 15–20 years. Rates have since moderated with Fed cuts starting in late 2024, but remain higher than during most of Trump's term.
- National average savings rates were very low under Trump (often ~0.1% or less by 2020–2021).
- Under Biden, averages rose significantly (e.g., from ~0.06% in early 2022 to peaks around 0.4–0.5% nationally, with high-yield options much higher).
- High-yield savings rates (best available online) were often below 1% during Trump's later years but climbed to 4–5%+ in 2023–2024 under Biden before declining somewhat.
- As of recent data (e.g., around 2026), national averages sit around 0.39%, still elevated compared to Trump's era lows.
- During Trump's term:
- Pre-2020: Some peaks around 2–3% for longer terms (e.g., 5-year CDs ~2–3% in 2019).
- 2020–2021: Dropped sharply to near 0.1–0.5% averages due to pandemic-era low rates.
- During Biden's term:
- 2021: Still very low (~0.1–0.3% averages).
- 2022–2023: Surged dramatically — top rates exceeded 5% (some short-term CDs hit 5.5%+), with averages for 1-year CDs reaching ~1.9–5% in peaks, far above Trump's era.
- Recent years (2024–2026): Rates cooled (e.g., top 1-year CDs around 4% or lower, averages ~1.9–3.8%), but still generally higher than most of 2017–2021.
- Average 1-year CDs: ~0.17% in mid-2021 → much higher in 2022–2023.
- Best/high-yield CDs: Often <1% under Trump → 5%+ peaks under Biden.
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It was wrong when they did it for Biden, and it would be wrong to do it for Trump, rates really should be at 6% or better to get inflation under control.