Federal Reserve

[Wrestleknownothing]

Who will be the Chair of the Federal Reserve on January 21, 2025?

This is one of the most intriguing questions, to me, at the start of Donald Trump's second term. Even though Jerome Powell is a Republican who Trump previously nominated to be chair, he is also someone Trump has said he wants to fire. The ability of a president to fire the chair of The Fed is disputed. And more recently Trump has backed away from saying he will fire Powell.

But let's not forget the saga with the CFPB. Trump appoint Mick Mulvaney to take over as interim head (and shut it down), but Obama nominee, Leandra English refused to leave. Ultimately Mulvaney prevailed by being nice and bringing in doughnuts (and they weren't even good donuts, just crappy Dunkin'). Everyone began listening to him, so he was in charge. English sued and it dragged out for 18 months before English gave up. But it was very entertaining while it lasted.

The CFPB structure is very different than the Fed structure than the Fed structure, though. The Fed is designed to be independent, the CFPB is not. 

[ionel]

Jerome Powell ... what did I win?

[mspart]

John Kerry?

mspart

[Wrestleknownothing]

11 minutes ago, ionel said:

Jerome Powell ... what did I win?

A calendar

[mspart]

Great Calendar.   Congrats Ionel. 

mspart

[ionel]

2 hours ago, Wrestleknownothing said:

A calendar

I hope you aren't pulling my leg.   I have won stuff on these hear forums before.  The last time @ILLINIWrestlingBlog mailed me a nice IWB t-shirt for winning.  If I get my choice i'd like a calendar with a new fiscal or monetary policy and explanation each month.   

[Wrestleknownothing]

2 minutes ago, ionel said:

I hope you aren't pulling my leg.   I have won stuff on these hear forums before.  The last time @ILLINIWrestlingBlog mailed me a nice IWB t-shirt for winning.  If I get my choice i'd like a calendar with a new fiscal or monetary policy and explanation each month.   

Sorry to burst that ballon. Here is the calendar you won:

Today < January 21, 2025