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Patricia Jaeger's avatar

I was not up to speed on the attacks on Lisa Cook, but I am very aware of the unqualified fools Trump has appointed. This term is agonizing, and I'm also very tired of the way corporate media tends to ignore it all, or to gloss over it. Thank you for keeping us informed.

janinsanfran's avatar

She's a black woman -- she's obviously guilty ... of something or other. On the other hand, she's an accomplished black woman, so we know she's tough.

David E Lewis's avatar

I suspect the Trumpists are hoping for more than control of interest rates with this assault on the Fed.

In Crashed, Adam Tooze speaks of Timothy Geithner at the NY Fed and then Treasury and the way he was able to direct trillions of $s not just through the US but internationally during the recovery from 2008.

This is an awesome power and Trump wants it.

The pre-Fed days when credit conditions varied substantially around the country is a warning of what a Fed not working for all Americans but only working for some can do.

Imagining a TARP with Scott Bessent in charge is unpleasant.

We need Powell in charge of the Fed when the next crisis hits. And it's coming soon.