Who’ll resign first…Billy Boy or J. Powell??
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Send the rates to zero, might as well get this collapse started sooner rather than later.
J Powell. Fed most certainly will cut rates starting in September after the poor jobs report came out last Friday. This will appease agent orange and many Americans in the short term. If the US enters recession, trump will put the blame on Powell and force him out. Billy boy answers to the board which he is the chair of and the board is a rubber stamp for him. The board is elected by common shareholders which majority is owned by insiders (board members and executives). There’s your answer. Billy boy isn’t going away until he decides to retire.
Neither