So what will happen if FED chair is replaced?

[target]

I was just watching the news about it where so many people talking about Trump trying to fire Jerome Powell. The tariff policy has turned the economy so bad while bonds are being sold from countries holding the debts of US according tot he news.

First he removed Gensler from the SEC and now Powell from FED and speculated that its because the FED is not cutting rates still despite the difficulties in the economy these days.  So what do you think will happen if FED chair is replaced?  Of will Trump dissolve FED?

[Zed0X]

So it seems there is truth that Trump have been increasing all these tariffs with the main goal of cutting interest rates. FED should be an independent body and dissolving it could cause a lot of legal problems for the POTUS. The disagreements between him and Powell is also not enough reason to remove the FED chair.

[Z-tight]

I don't think Trump has the constitutional power to dissolve the fed, i don't even think he has the power to fire the fed chairman. Trump did not fire Gensler, he resigned after Trump won the election. I believe we will find out soon enough what Trumps idea is with all this crazy tariffs, it is madness.

[TomPluz]

Technically and legally, POTUS could not remove the sitting Chairman of the FED because he is serving a fixed term but he can use his influence to make things difficult for Powell so he can be pressured to let go and resign. Even before Trump assumed office last January there was already this buzz on Powell and principally because he was appointed by the past administration and I think both men don't see eye-to-eye on different matters. I am not sure if Trump can be successful in kicking Powell and I am sure there is going to be some drama in here. Hopefully, Powell is not another Gensler whose stay in SEC really created a negative impact on the cryptocurrency industry.

[Gposas]

I was just watching the news about it where so many people talking about Trump trying to fire Jerome Powell. The tariff policy has turned the economy so bad while bonds are being sold from countries holding the debts of US according tot he news.

First he removed Gensler from the SEC and now Powell from FED and speculated that its because the FED is not cutting rates still despite the difficulties in the economy these days.  So what do you think will happen if FED chair is replaced?  Of will Trump dissolve FED?

The US has a well organized system of government, it'll not be as easy as kicking a football for Trump because there are laws and regulations guiding and protecting the seating FED chairman.

Though the thoughts of the President is for him to cut down interest rates, but Powell also have his views in all of this and mostly relating it with the tariff war. According to the news I read, it stated that the FED has maintained a 4.25 - 4.5% in interest rate since December undermining the current economic situation of the country.

I don't really have the full knowledge of how it all works there in the U.S. but I guess we just have to wait to see what happens next.

[Bobcrypto]

I don't think Trump has the constitutional power to dissolve the fed, i don't even think he has the power to fire the fed chairman. Trump did not fire Gensler, he resigned after Trump won the election. I believe we will find out soon enough what Trumps idea is with all this crazy tariffs, it is madness.

Yeah, is actually good to know the reasons behind Donald Trump's tarrif war, especially with China. Besides the effects that the current Tarrif war has caused the US and the other countries, there are notable reasons for higher tarrif by a country.
1. Tarrif are imposed for trade sharp practices, or imbalances that might be affecting other country
2. when there are high tarrif, it is meant to protect domestic productions and also it increases government revenue.
3. It is a strategy to negotiate international trades, especially trade competition and deficit. etc

[bitterguy28]

First he removed Gensler from the SEC and now Powell from FED and speculated that its because the FED is not cutting rates still despite the difficulties in the economy these days.  So what do you think will happen if FED chair is replaced?  Of will Trump dissolve FED?

Markets will ‘crash’ if Trump has the power to fire Fed’s Powell, Sen. Elizabeth Warren says

the central bank should be independent of politics and if trump gets the power to fire anyone on his own will other institutions might become wobbly the usa would not be far from what a dictatorship would be if trump can just wave his magic wand around

[Stompix]

Of will Trump dissolve FED?

Trump can't dissolve the FED!

As to what will happen, well, if you're outside the US you will not even realize what hit you.
Just as people who lost their homes in 2008 without even knowing what a subprime mortgage was, everyone will be shocked by how inflation will skyrocket again everywhere. The US entering a recession while printing money will be a global disaster.

[target]

Of will Trump dissolve FED?

Trump can't dissolve the FED!

As to what will happen, well, if you're outside the US you will not even realize what hit you.
Just as people who lost their homes in 2008 without even knowing what a subprime mortgage was, everyone will be shocked by how inflation will skyrocket again everywhere. The US entering a recession while printing money will be a global disaster.

Do you think the FED should be an independent body or should have been working with the government after all he is appointed by the government official and thus shall respond to what is requested.

To which cutting interest rates will be a responsible response to the economy that's turning upside down. But if they are deliberately not printing money and not lowering interest rates, its not hard to see they are planing this global disaster.

[Lucius]

Anyone who opposes the Great Leader and his boundless wisdom will become a target - and JP is currently a high priority target because he ignores "orders" from above. Although there is currently no legal possibility for the JP to be removed from his position, the possibility of this changing should not be ruled out - because those in power obviously do not hesitate to do anything.

Somewhere in the background, there is already talk about how the current president will be enabled to run again, even though by law he can only be president twice. There is actually a provision that prevents this, but it's all words on paper - if Putler and that little man from North Korea could do it, why couldn't the mighty Dony? Let's remember the statement before the election "vote just this once and you won't have to ever again" (something like that).

[MrSpasybo]

I was just watching the news about it where so many people talking about Trump trying to fire Jerome Powell. The tariff policy has turned the economy so bad while bonds are being sold from countries holding the debts of US according tot he news.

First he removed Gensler from the SEC and now Powell from FED and speculated that its because the FED is not cutting rates still despite the difficulties in the economy these days.  So what do you think will happen if FED chair is replaced?  Of will Trump dissolve FED?

The FED isn't the SEC. The FED is an independent body, and no US president has ever fired a FED chair, though theoretically, it's possible if the chair is found to have made serious errors or is no longer capable of running the FED. I don't think Trump could come up with a convincing reason to fire Powell.

Some folks might be optimistic about a change in the FED stance after a new chair takes over, but that's not accurate. The FED operates on the consensus of many members, and Trump can't easily bribe or replace them all. Plus, if that happened, it would create chaos in US politics and the economy, possibly making things worse than they are now. I hope the economy keeps doing well so the FED can confidently cut interest rates when needed!

[philipma1957]

I was just watching the news about it where so many people talking about Trump trying to fire Jerome Powell. The tariff policy has turned the economy so bad while bonds are being sold from countries holding the debts of US according tot he news.

First he removed Gensler from the SEC and now Powell from FED and speculated that its because the FED is not cutting rates still despite the difficulties in the economy these days.  So what do you think will happen if FED chair is replaced?  Of will Trump dissolve FED?

Things would shift bigly if he fires himself and bans the fed.

Making himself in charge of interest rates.

I wonder if he be threatening default of the dollar soon.

[Baofeng]

I was just watching the news about it where so many people talking about Trump trying to fire Jerome Powell. The tariff policy has turned the economy so bad while bonds are being sold from countries holding the debts of US according tot he news.

I'm not familiar with bonds, but I heard that China is selling their US bonds already.

First he removed Gensler from the SEC and now Powell from FED and speculated that its because the FED is not cutting rates still despite the difficulties in the economy these days.  So what do you think will happen if FED chair is replaced?  Of will Trump dissolve FED?

As far as I know, Gensler resigns in his position because obviously he is tied with the previous administration. But I do not think that Trump will dissolved FED, it's one of the institutions already. He also doesn't have any constitutional authority to dissolved any government agencies for that matter.

[Jating]

If this really happens then another chaos created by Trump. And it will have a big impact on the US economy as dissolving FED, then it's like going back to the depression era as FED is somewhat the stabilizing factor in any countries economy. Perhaps this is just a threat on Trump, as we all know that he loves to bully and intimidation. So with that, I do not think that he wanted to do it, maybe he just sending a message or see what the reaction will be.

[NotATether]

Nothing will happen to the FED if he is fired.

Life will go on as usual. Maybe Bitcoin will experience a mini-pump up to say $90k, but everyone's already woken up from their slumber and will not be fooled into thinking that something big is going to happen with crypto shortly.