3mo ago

Risk of Financial Panic Tempers Trump on Firing Powell

www.nytimes.com

https://archive.is/2025.04.19-045009/https://www.nytimes.com/2025/04/18/business/trump-powell-fed-markets.html

For months, Mr. Trump has privately fretted about the prospect of a Great Depression-scale event’s happening on his watch — a scenario he shorthands in conversations as “1929.”

Economics @lemmy.world

cyrano @lemmy.dbzer0.com

3mo ago

Risk of Financial Panic Tempers Trump on Firing Powell

www.nytimes.com /2025/04/18/business/trump-powell-fed-markets.html

9 comments

Weird that he's doing everything in his power to cause a depression if he's so worried about it.
- that's because he is an idiot
Basically Powells quasi-independence from Trump is one of the last strands of hair that gives the US Dollar credibility.
Replace him by just another MAGA brain, and the Dollar will be losing trust like a sieve loses water.
He needs to at least give his billionaire chums a few days notice to offload a massive chunk of their shares first.
If Trump screws up the finances, his "third term" is impossible.
- Let me introduce you to a little concept called martial law…
1929, 1938, whats the difference ?! /s
As long as Trump gives his flock something to fear and look down upon, nothing else he does matters.
From what he’s been spouting today, it looks more like setting Powell up to be a scapegoat for his die-hard followers than any real “tempering”.
I call bullshit on NYT. This is people in the admin trying to sanewash things.

9 comments