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originally posted by: Raggedyman
a reply to: Gothmog
Well it is evident you cant see
The US is an international laughing stock for voting Trump to hold office, not just a laughing stock, many people see your whole country as hillbilly gun toting rednecks right now.
Try reading INTERNATIONAL news
originally posted by: hounddoghowlie
no he can't they have to come from the board of governors those are his only choices.
originally posted by: Gothmog
Still no answer ? HMMM. I am starting to believe you are dodging my question for a reason
Cause you have no answers
originally posted by: burdman30ott6
a reply to: Raggedyman
The trade policies pre-1980s built the largest, most prosperous middle class this world has ever seen. Muscle equals power and money... America can "isolate" itself again and, with the right foreign policy alongside the threat of consequences should any foreign nation protest too loudly, America can return to its natural position atop the world.
originally posted by: AugustusMasonicus
originally posted by: hounddoghowlie
no he can't they have to come from the board of governors those are his only choices.
Yes he can since there are two open spots and he can remove any governor for cause. The Federal Reserve will follow the fiscal policy of the administration.
Donald Trump, the presumptive Republican presidential nominee, said Thursday he would “most likely” replace Federal Reserve Chairwoman Janet Yellen if elected.
“She is not a Republican,” he said in an interview with CNBC. “When her time is up, I would most likely replace her because of the fact that I think it would be appropriate.”
Ms. Yellen’s term as chairwoman ends in February 2018.
The Fed declined to comment.
By law, the president appoints the Fed leader who is subject to Senate confirmation. Once in office, however, Fed chiefs can only be removed “for cause”—that is, if they commit some sort of wrongdoing or if they are found to be unfit for office. Presidents cannot simply remove a chairwoman or chairman because of differences over policy or party affiliation.
Donald Trump Says He Would Replace Janet Yellen, Supports Low Interest Rates
originally posted by: Springer
Trump didn't signal a rise in interest rates, Janet Yellen did, you know the Chair of the Board of Governors of the Federal Reserve System.
Come on now...
In an interview last week with Reuters, Trump said the low rates had created a "false economy," adding, "at some point the rates are going to have to change." Source
originally posted by: hounddoghowlie
again your wrong, to fire her with cause doesn't mean just because.it means she has to really have done something that is messed up, or a bumbling idiot. trump would have to show a valid reason.
removal for cause, means that someone may have behaved in a illegally,in a incompetent manner, or against regulations of the fed and laws, which have to be shown.
also to remove her now because he doesn't like the way she is doing things, could and would likely be seen as a political move and very partisan, seeing how he said he would replace her because she is not republican, he cant do that.
Do you think if the President wants to create and implement fiscal policy that the Fed will stand in his way?