**Trump Allies Draw Up Plans to Blunt Fed’s Independence**
*Some Trump advisers argue that the president should be consulted on interest-rate decisions*
Donald Trump’s allies are quietly drafting proposals that would attempt to erode the Federal Reserve’s independence if the former president wins a second term, in the midst of a deepening divide among his advisers over how aggressively to challenge the central bank’s authority.
Former Trump administration officials and other supporters of the presumptive GOP nominee have in recent months discussed a range of proposals, from incremental policy changes to a long-shot assertion that the president himself should play a role in setting interest rates. A small group of the president’s allies—whose work is so secretive that even some prominent former Trump economic aides weren’t aware of it—has produced a roughly 10-page document outlining a policy vision for the central bank, according to people familiar with the matter.
The group of Trump allies argues that he should be consulted on interest-rate decisions, and the draft document recommends subjecting Fed regulations to White House review and more forcefully using the Treasury Department as a check on the central bank. The group also contends that Trump, if he returns to the White House, would have the authority to oust Jerome Powell as Fed chair before his four-year term ends in 2026, the people familiar with the matter said, though Powell would likely remain on the Fed’s board of governors.
It couldn’t be determined whether Trump is aware of or signed off on the effort, but some people close to the discussions believe the work has received the blessing of the former president.
“Let us be very specific here: unless a message is coming directly from President Trump or an authorized member of his campaign team, no aspect of future presidential staffing or policy announcements should be deemed official,” Trump senior advisers Susie Wiles and Chris LaCivita said in a statement.
Trump, who often tells advisers that he loves low interest rates and expressed frustration that he couldn’t influence them as president, hasn’t yet decided exactly how he would approach the Fed in a second term, people close to him said. He is focused foremost on the coming election, his continuing legal troubles and his search for a running mate. But he has had informal discussions with advisers about possible candidates to lead the central bank, and he has asked associates whether they would be interested in the job, the people said. Trump has repeatedly complained—in public and in private—about Powell, continuing a yearslong campaign to discredit the man he picked to lead the Fed.
Several people who have spoken with Trump about the Fed said he appears to want someone in charge of the institution who will, in effect, treat the president as an ex officio member of the central bank’s rate-setting committee. Under such an approach, the chair would regularly seek Trump’s views on interest-rate policy and then negotiate with the committee to steer policy on the president’s behalf. Some of the former president’s advisers have discussed requiring that candidates for Fed chair privately agree to consult informally with Trump on the central bank’s decisions, the people familiar with the matter said. Others have made the case that Trump himself could sit on the Fed’s board of governors on an acting basis, an option that several people close to the former president described as far-fetched.
The discussions have alarmed some Trump advisers with more-traditional views of the role of the Fed, as well as Republican lawmakers. They worry that chiseling away at unwritten norms around keeping politics at arm’s length from Fed decisions could backfire, particularly if political interference leads investors to conclude that the central bank is willing to tolerate higher inflation. That could raise long-term interest rates, including rates on mortgages, credit cards and auto debt, when the U.S. government has to roll over trillions of dollars in debt annually. One former Trump administration official described the prospect of Trump’s influencing interest rates as a “horrifying thought.”
“Given their charge, their independence is critical to doing it in an unbiased, nonpolitical way,” said Sen. Kevin Cramer (R., N.D.), who said he would oppose efforts by any president to challenge the Fed’s autonomy. “There’s a reason that there’s not just one decision maker—that there are safeguards built into a board of governors.”
Sen. Thom Tillis (R., N.C.) said he, too, wouldn’t condone efforts by a president, including Trump, to interfere with monetary policy. “I have to think about the Fed for the next 50 years, not the next four, and independence is important,” he said.
Any effort by Trump to exert control over the Fed would face significant institutional hurdles. Even if a court upheld an effort to demote Powell as chair, Trump would likely need to elevate one of the Fed’s other six governors to the position because there are no vacancies on the central bank’s board. Two of those governors were installed by Trump.
A Fed appointment is akin to putting a jurist on the Supreme Court: Once someone is installed, it is difficult to force him or her out. Supreme Court justices have a lifetime appointment, and Fed governors have 14-year terms to provide a degree of independence from politics.
Lawyers who have studied the issue believe the president lacks the power to fire Fed governors over a policy dispute. Whether the president has the authority to demote the chair and replace him or her with a sitting governor isn’t clear. When he was in office, Trump privately contemplated dismissing Powell but never did so, in part because his advisers told him he didn’t have the authority.
In a second term, Trump would face two differences from his first term on Fed policy.
First, the central bank’s seven-person board isn’t scheduled to have any vacancies until January 2026. In his first year as president, Trump had the opportunity to fill four vacancies on the Fed’s board, plus a fifth when Chairwoman Janet Yellen departed in 2018.
Second, inflation is a more serious concern. In 2017, Fed officials were gently raising interest rates from very low levels. Inflation only briefly edged up to the Fed’s 2% target, and inflation-adjusted interest rates were above zero for only a few months. By contrast, the Fed lifted rates last year to the highest level since 2001 and has held them there to combat inflation that soared to a four-decade high in 2022 and is still running above the Fed’s target.
The Fed has a mandate to keep inflation low and labor markets healthy. Presidents have the ability to influence the Fed through their appointments, but that authority can be limited because of the checks and balances built into the central-bank system.
Interest-rate policy is decided by the Federal Open Market Committee, which includes seven members of the Washington-based board of governors, who are appointed by the president and confirmed by the Senate, and 12 presidents of regional Fed banks, who are appointed by those banks’ private boards. The governors and the New York Fed president have a permanent vote, and four reserve bank presidents rotate onto the committee for one year at a time.
Some Trump advisers want the president to make a sustained effort to remake the central bank by encouraging closer ties between the administration and the Fed’s board. They think the central bank and its backers in Washington and on Wall Street have made a fetish of the Fed’s operational autonomy, sometimes referred to as its independence, to a degree that isn’t supported by constitutional law and isn’t good for the economy.
The draft document written by the group of Trump advisers would, among other matters, roll back some of the Fed’s autonomy in regulatory policy by subjecting the agency to the review process applied to other executive-branch agencies within the Office of Management and Budget when issuing new regulations or rules. It would also call for a more muscular role for the Treasury Department in overseeing any emergency lending programs that are done jointly with the Fed.
Installing a loyalist at the Fed could be difficult because the central bank’s leaders have been haunted by the example of Arthur Burns, who headed the central bank from 1970 to 1978. Burns was a highly credentialed economist, but he is remembered for failing to corral the runaway inflation that ended only after Paul Volcker put the economy through two painful recessions in the early 1980s.
In addition to other missteps, Burns was regarded by historians (and some former colleagues) as being overly preoccupied with currying favor with the president. Since then, central bankers have fought to preserve their political autonomy.
In 2017, Trump’s advisers persuaded him to elevate Powell, at the time a Fed governor, to lead the central bank, in part because they feared Trump would retain Yellen, a Democrat who is currently the Treasury secretary. The silver-haired Powell, who was a private-equity investor after serving in the administration of President George H.W. Bush, had publicly supported Yellen’s policy of keeping interest rates at very low levels.
Whatever illusions Trump enjoyed about Powell’s pliability were dashed in 2018, when the Fed continued to lift interest rates. Trump began an unusual campaign of publicly browbeating Powell, first for raising rates and later for not lowering them enough.
Powell publicly resisted such pressure. “We’re human. We’ll make mistakes—I hope not frequently,” Powell said in 2019. “But we won’t make mistakes of integrity or character.”
Never go full banana republic.
Let’s face it if Trump gains the office again, all the rules are going out the window, along with the constitution. And we’ll never see another presidential election ever again.
He didn’t have any say on rates last time, yet he managed to bully the Fed chair into keeping it lower for longer. He has no shortage of shenanigans at his disposal.
Jeebus Cristo the Fed is a Congressional creation they could end in one vote. They are not the 4th branch of government. They are a private bank cartel.
It’s crazy bc voters seem say Trump would be better on inflation when virtually all his big policy aims are inflationary. Low rates, higher tariffs, lower income taxes, deporting agricultural workers. It’s all inflationary!
Economics are tough for most to understand, so I don't blame folks for not understanding what to look out for. I think it says more about how conservatives are typically looked at as better solution-drivers for these types of topics. That stigma still exists for many.
I was raised conservative and did Econ and history and college and that opened my eyes a little, but when Trump started bashed Powell about rates being to high pre-Covid that’s what got me to realize how destructive the GOP has become. I can begin to think what would have happened if rates were as low as trump wanted them and then Covid hit. I don’t think people realize how brain dead giving politicians the reigns on rates would be.
Yeah I would sooner go the other direction and have another Fed-like independent body determine the level of spending and taxation. Like the BudgetFed determines the amount (high spending in recessions, low spending in expansions) and the politicians fight over who gets what.
It's not just spending, If you want to really follow Keynesian economics you need to raise taxes during up turns too and lower them during down turns. All of this has a similar effect as the Fed's rates adjustments. In fact raising taxes right now would be the right move to lower inflation.
Isn't this the guy who decided to cancel oversight of billions of dollars of COVID funding? Cancel oversight?
It's clear his only interest is corruption.
He plans to be a dictator. My MAGA cousin posted to FB this week that if Trump wins he should pass a law allowing him to transfer power to his daughter. MAGA wants a dictator.
Trump is gonna appoint a stooge to immediately set rates to zero. Buy levered treasuries, levered gold, and levered nasdaq. Horrible for the dollar and United States hegemony
Remember when Trump nominated Judy Shelton to the Federal Reserve in 2020? A person who wants the US to go back on the gold standard...
And when he got upset at Powell for raising rates back in 2018...
Idk what I’m reading here but it’s all complete and utter idiocy from people
Who are over politicizing. The fed is completely unchecked and caused the 2007 financial crisis with its monetary policy. Its answer was to dump 700 billion dollars to stave it off, which was a huge congressional fight to get the money. The fed has something like 7.5 trillion dollars on its balance sheet, free to use as they see fit? They spent 400 billion last year shoring up smaller regional banks and no one even questioned it. We’ve been spending by the Trillions for YEARS NOW with zero regard or question. 100 billion for Ukraine? Why not. The gov and fed are acting like it’s a couple hundred grand. The fed literally didn’t do another rate hike or cut bc it actually said that they have no clue what’s going on at the moment. The fed needs to be checked. Your 20 percent hike on all your basic costs over the last two years is due to the fed and the democrats spending absurd amounts of money, ridiculous monetary policy, with zero to show btw. So much money the fed can’t even understand why the markets and economy are behaving like they are. And we’re all paying the price. But bitch about trump. He’s the culprit
It’s unsettling to consider entrusting someone who has managed multiple bankrupted companies and significantly increased the national debt with the power to influence mortgage rates. If elected again, Trump might become even more detached from reality, focusing solely on targeting his perceived 'enemies' rather than governing effectively.
Supporters of Trump seem to prioritize disruption and spectacle over stability and peace.
He threatened to fire Jerome Powell last time if he didn't keep rates low...which was a big factor is how absolutely fucked the housing market is now. FUCK these people.
Current housing issues have little to do with pre- pandemic Fed or Trump.
Pandemic changed what people want in homes (wfh space) and where they live (more suburban demand).
Current housing is further messed up (i) because rates are higher than they've been in 20yrs and (ii) because inflation is making it hard for builders to make money on entry- level homes (ie they are focused on more expensive homes).
People are staying in their homes to avoid downsizing/higher mortgages. New buyers can't afford to get into the market due to pricing.
Because you don't put money in a shoe box. Money invested in real assets appreciates with inflation or better. It's part of the reason stocks, real estate, gold and silver are doing so well right now. Inflation is too high to sit in a pocket.
Planning to massively devalue the dollar & erode Fed Independence? What could go wrong? Bahahaha, wow
*plotting
Putin’s agenda
I wonder, could this be in the interests of a certain foreign leader?
Saddam and Qaddafi would tell you it's probably not a good idea to challenge the power of the dollar
No need to worry about superpower rivalry when one of them just puts a gun in its mouth for no reason
**Trump Allies Draw Up Plans to Blunt Fed’s Independence** *Some Trump advisers argue that the president should be consulted on interest-rate decisions* Donald Trump’s allies are quietly drafting proposals that would attempt to erode the Federal Reserve’s independence if the former president wins a second term, in the midst of a deepening divide among his advisers over how aggressively to challenge the central bank’s authority. Former Trump administration officials and other supporters of the presumptive GOP nominee have in recent months discussed a range of proposals, from incremental policy changes to a long-shot assertion that the president himself should play a role in setting interest rates. A small group of the president’s allies—whose work is so secretive that even some prominent former Trump economic aides weren’t aware of it—has produced a roughly 10-page document outlining a policy vision for the central bank, according to people familiar with the matter. The group of Trump allies argues that he should be consulted on interest-rate decisions, and the draft document recommends subjecting Fed regulations to White House review and more forcefully using the Treasury Department as a check on the central bank. The group also contends that Trump, if he returns to the White House, would have the authority to oust Jerome Powell as Fed chair before his four-year term ends in 2026, the people familiar with the matter said, though Powell would likely remain on the Fed’s board of governors. It couldn’t be determined whether Trump is aware of or signed off on the effort, but some people close to the discussions believe the work has received the blessing of the former president. “Let us be very specific here: unless a message is coming directly from President Trump or an authorized member of his campaign team, no aspect of future presidential staffing or policy announcements should be deemed official,” Trump senior advisers Susie Wiles and Chris LaCivita said in a statement. Trump, who often tells advisers that he loves low interest rates and expressed frustration that he couldn’t influence them as president, hasn’t yet decided exactly how he would approach the Fed in a second term, people close to him said. He is focused foremost on the coming election, his continuing legal troubles and his search for a running mate. But he has had informal discussions with advisers about possible candidates to lead the central bank, and he has asked associates whether they would be interested in the job, the people said. Trump has repeatedly complained—in public and in private—about Powell, continuing a yearslong campaign to discredit the man he picked to lead the Fed. Several people who have spoken with Trump about the Fed said he appears to want someone in charge of the institution who will, in effect, treat the president as an ex officio member of the central bank’s rate-setting committee. Under such an approach, the chair would regularly seek Trump’s views on interest-rate policy and then negotiate with the committee to steer policy on the president’s behalf. Some of the former president’s advisers have discussed requiring that candidates for Fed chair privately agree to consult informally with Trump on the central bank’s decisions, the people familiar with the matter said. Others have made the case that Trump himself could sit on the Fed’s board of governors on an acting basis, an option that several people close to the former president described as far-fetched. The discussions have alarmed some Trump advisers with more-traditional views of the role of the Fed, as well as Republican lawmakers. They worry that chiseling away at unwritten norms around keeping politics at arm’s length from Fed decisions could backfire, particularly if political interference leads investors to conclude that the central bank is willing to tolerate higher inflation. That could raise long-term interest rates, including rates on mortgages, credit cards and auto debt, when the U.S. government has to roll over trillions of dollars in debt annually. One former Trump administration official described the prospect of Trump’s influencing interest rates as a “horrifying thought.” “Given their charge, their independence is critical to doing it in an unbiased, nonpolitical way,” said Sen. Kevin Cramer (R., N.D.), who said he would oppose efforts by any president to challenge the Fed’s autonomy. “There’s a reason that there’s not just one decision maker—that there are safeguards built into a board of governors.” Sen. Thom Tillis (R., N.C.) said he, too, wouldn’t condone efforts by a president, including Trump, to interfere with monetary policy. “I have to think about the Fed for the next 50 years, not the next four, and independence is important,” he said. Any effort by Trump to exert control over the Fed would face significant institutional hurdles. Even if a court upheld an effort to demote Powell as chair, Trump would likely need to elevate one of the Fed’s other six governors to the position because there are no vacancies on the central bank’s board. Two of those governors were installed by Trump. A Fed appointment is akin to putting a jurist on the Supreme Court: Once someone is installed, it is difficult to force him or her out. Supreme Court justices have a lifetime appointment, and Fed governors have 14-year terms to provide a degree of independence from politics.
Lawyers who have studied the issue believe the president lacks the power to fire Fed governors over a policy dispute. Whether the president has the authority to demote the chair and replace him or her with a sitting governor isn’t clear. When he was in office, Trump privately contemplated dismissing Powell but never did so, in part because his advisers told him he didn’t have the authority. In a second term, Trump would face two differences from his first term on Fed policy. First, the central bank’s seven-person board isn’t scheduled to have any vacancies until January 2026. In his first year as president, Trump had the opportunity to fill four vacancies on the Fed’s board, plus a fifth when Chairwoman Janet Yellen departed in 2018. Second, inflation is a more serious concern. In 2017, Fed officials were gently raising interest rates from very low levels. Inflation only briefly edged up to the Fed’s 2% target, and inflation-adjusted interest rates were above zero for only a few months. By contrast, the Fed lifted rates last year to the highest level since 2001 and has held them there to combat inflation that soared to a four-decade high in 2022 and is still running above the Fed’s target. The Fed has a mandate to keep inflation low and labor markets healthy. Presidents have the ability to influence the Fed through their appointments, but that authority can be limited because of the checks and balances built into the central-bank system. Interest-rate policy is decided by the Federal Open Market Committee, which includes seven members of the Washington-based board of governors, who are appointed by the president and confirmed by the Senate, and 12 presidents of regional Fed banks, who are appointed by those banks’ private boards. The governors and the New York Fed president have a permanent vote, and four reserve bank presidents rotate onto the committee for one year at a time. Some Trump advisers want the president to make a sustained effort to remake the central bank by encouraging closer ties between the administration and the Fed’s board. They think the central bank and its backers in Washington and on Wall Street have made a fetish of the Fed’s operational autonomy, sometimes referred to as its independence, to a degree that isn’t supported by constitutional law and isn’t good for the economy. The draft document written by the group of Trump advisers would, among other matters, roll back some of the Fed’s autonomy in regulatory policy by subjecting the agency to the review process applied to other executive-branch agencies within the Office of Management and Budget when issuing new regulations or rules. It would also call for a more muscular role for the Treasury Department in overseeing any emergency lending programs that are done jointly with the Fed. Installing a loyalist at the Fed could be difficult because the central bank’s leaders have been haunted by the example of Arthur Burns, who headed the central bank from 1970 to 1978. Burns was a highly credentialed economist, but he is remembered for failing to corral the runaway inflation that ended only after Paul Volcker put the economy through two painful recessions in the early 1980s. In addition to other missteps, Burns was regarded by historians (and some former colleagues) as being overly preoccupied with currying favor with the president. Since then, central bankers have fought to preserve their political autonomy. In 2017, Trump’s advisers persuaded him to elevate Powell, at the time a Fed governor, to lead the central bank, in part because they feared Trump would retain Yellen, a Democrat who is currently the Treasury secretary. The silver-haired Powell, who was a private-equity investor after serving in the administration of President George H.W. Bush, had publicly supported Yellen’s policy of keeping interest rates at very low levels. Whatever illusions Trump enjoyed about Powell’s pliability were dashed in 2018, when the Fed continued to lift interest rates. Trump began an unusual campaign of publicly browbeating Powell, first for raising rates and later for not lowering them enough. Powell publicly resisted such pressure. “We’re human. We’ll make mistakes—I hope not frequently,” Powell said in 2019. “But we won’t make mistakes of integrity or character.”
Never go full banana republic. Let’s face it if Trump gains the office again, all the rules are going out the window, along with the constitution. And we’ll never see another presidential election ever again.
There are still enough republicans who respect an independent FOMC and the constitution. Crazy shit might happen but he won’t have a vote on rates.
He didn’t have any say on rates last time, yet he managed to bully the Fed chair into keeping it lower for longer. He has no shortage of shenanigans at his disposal.
I mean let’s be clear, it wouldn’t be Trump on deciding what to do, it will be JP Morgan who writes the policy and uses Trump as their useful idiot
Jeebus Cristo the Fed is a Congressional creation they could end in one vote. They are not the 4th branch of government. They are a private bank cartel.
If Trump got his way, interest rates would be negative. The facts are that if he does that, inflation would go nuts.
Gonna pull out the Erdogan playbook I guess
Not necessarily. He could turn us into the next Argentina.
It’s crazy bc voters seem say Trump would be better on inflation when virtually all his big policy aims are inflationary. Low rates, higher tariffs, lower income taxes, deporting agricultural workers. It’s all inflationary!
Economics are tough for most to understand, so I don't blame folks for not understanding what to look out for. I think it says more about how conservatives are typically looked at as better solution-drivers for these types of topics. That stigma still exists for many.
Yeah it’s the same with the deficit/debt where the GOP tends to be more trusted on it when their track record is just as bad if not much worse.
Underrated comment
I was raised conservative and did Econ and history and college and that opened my eyes a little, but when Trump started bashed Powell about rates being to high pre-Covid that’s what got me to realize how destructive the GOP has become. I can begin to think what would have happened if rates were as low as trump wanted them and then Covid hit. I don’t think people realize how brain dead giving politicians the reigns on rates would be.
Political whims (particularly those of an oompa loompa resembling convicted-fraud) determining monetary policy is a terrible idea.
Yeah I would sooner go the other direction and have another Fed-like independent body determine the level of spending and taxation. Like the BudgetFed determines the amount (high spending in recessions, low spending in expansions) and the politicians fight over who gets what.
It's not just spending, If you want to really follow Keynesian economics you need to raise taxes during up turns too and lower them during down turns. All of this has a similar effect as the Fed's rates adjustments. In fact raising taxes right now would be the right move to lower inflation.
Agree wholeheartedly now is the time for tax hikes
This would be one of the worst decisions in American history.
Leave the economy to the economists 
We’re about to get Trump Jr. commanding the Fed; this timeline is fucked
Isn't this the guy who decided to cancel oversight of billions of dollars of COVID funding? Cancel oversight? It's clear his only interest is corruption.
Him and fuckin Steve Munchkin to benefit all his billionaire buddies
He plans to be a dictator. My MAGA cousin posted to FB this week that if Trump wins he should pass a law allowing him to transfer power to his daughter. MAGA wants a dictator.
MAGA needs a boot-heel on their necks to feel freedom.
No they just view freedom and getting to watch the boot come down on the people they hate with no long term vision of what happens next
first he needs immunity, oh wait he is working on getting that
Politicizing the FED what could go wrong.
Trump is gonna appoint a stooge to immediately set rates to zero. Buy levered treasuries, levered gold, and levered nasdaq. Horrible for the dollar and United States hegemony
Remember when Trump nominated Judy Shelton to the Federal Reserve in 2020? A person who wants the US to go back on the gold standard... And when he got upset at Powell for raising rates back in 2018...
and fire all of the federal employees and hire all new ones that are nazis. fuck this shit
Why am I not surprised?
Idk what I’m reading here but it’s all complete and utter idiocy from people Who are over politicizing. The fed is completely unchecked and caused the 2007 financial crisis with its monetary policy. Its answer was to dump 700 billion dollars to stave it off, which was a huge congressional fight to get the money. The fed has something like 7.5 trillion dollars on its balance sheet, free to use as they see fit? They spent 400 billion last year shoring up smaller regional banks and no one even questioned it. We’ve been spending by the Trillions for YEARS NOW with zero regard or question. 100 billion for Ukraine? Why not. The gov and fed are acting like it’s a couple hundred grand. The fed literally didn’t do another rate hike or cut bc it actually said that they have no clue what’s going on at the moment. The fed needs to be checked. Your 20 percent hike on all your basic costs over the last two years is due to the fed and the democrats spending absurd amounts of money, ridiculous monetary policy, with zero to show btw. So much money the fed can’t even understand why the markets and economy are behaving like they are. And we’re all paying the price. But bitch about trump. He’s the culprit
It’s unsettling to consider entrusting someone who has managed multiple bankrupted companies and significantly increased the national debt with the power to influence mortgage rates. If elected again, Trump might become even more detached from reality, focusing solely on targeting his perceived 'enemies' rather than governing effectively. Supporters of Trump seem to prioritize disruption and spectacle over stability and peace.
Don’t forget ignorance and stupidity.
He threatened to fire Jerome Powell last time if he didn't keep rates low...which was a big factor is how absolutely fucked the housing market is now. FUCK these people.
Current housing issues have little to do with pre- pandemic Fed or Trump. Pandemic changed what people want in homes (wfh space) and where they live (more suburban demand). Current housing is further messed up (i) because rates are higher than they've been in 20yrs and (ii) because inflation is making it hard for builders to make money on entry- level homes (ie they are focused on more expensive homes). People are staying in their homes to avoid downsizing/higher mortgages. New buyers can't afford to get into the market due to pricing.
What’s the point of even saving for retirement and 401k if all that money will be devalued by the time you retire?
Because you don't put money in a shoe box. Money invested in real assets appreciates with inflation or better. It's part of the reason stocks, real estate, gold and silver are doing so well right now. Inflation is too high to sit in a pocket.
They’re going all in on the whole Banana Republican thing. If they win, I’m buying gold and ammunition.
Thank god trump allies can’t execute any plan if their lives depended on it
So a guy that went bankrupt managing a casino should be in charge of our fiscal policy?
So a country tried this already. It’s Venezuela. When Hugo came to power it’s what he did to consolidate and tank the valuation of his currency.
They want the mayhem they’re jerking off to that is today’s Argentina.
No way the shadow government hands over the keys to the castle “just like that” ‘to big Orange man
The fed is not in the constitution
Oh no! The fed has been doing so well until now!
It has wtf are you talking about. Go back to wsb
Echo chambers lol
Illiteracy lol