The Fed has the responsibility of stabilizing prices and maximizing employment. Powell has held its benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact Trump’s massive tariffs had on inflation.

    • CaptDust@sh.itjust.works
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      1 day ago

      The neat part is that it doesn’t really matter who they put in place. Powell is likely the most qualified person to navigate through the tariff shitstorm, but anyone else with two brain cells to rub together would be taking the same actions.

      They need to find someone with zero brain cells that is willing to intentionally tank the economy to appease the mad king. Self inflicted hyperinflation seems to be the goal.