His term ends on May 15, 2026, so it's almost pointless to file these charges now.
I see what's happening now as game-theory signaling, not as a real threat to Powell. I would suggest that this action is better seen as a latent threat to the next Fed chairman to let them know that they will either enact Trumps desired Fed policies or they will be prosecuted for anything that the administration can manufacture.
It's also important to remember that Powell is not the only Federal Reserve Board of Governors to have very odd accusations of wrongdoing and investigations launched. He's also done this with Lisa Cook. It seems pretty blatant at this point what's really happening.
> His term ends on May 15, 2026, so it's almost pointless to file these charges now
His term as chairman ends in May. He remains on the Board of Governors after that. Following this fight, he may remain the most prominet voice despite losing the chairmanship.
scoofy|1 month ago
I see what's happening now as game-theory signaling, not as a real threat to Powell. I would suggest that this action is better seen as a latent threat to the next Fed chairman to let them know that they will either enact Trumps desired Fed policies or they will be prosecuted for anything that the administration can manufacture.
It's also important to remember that Powell is not the only Federal Reserve Board of Governors to have very odd accusations of wrongdoing and investigations launched. He's also done this with Lisa Cook. It seems pretty blatant at this point what's really happening.
JumpCrisscross|1 month ago
His term as chairman ends in May. He remains on the Board of Governors after that. Following this fight, he may remain the most prominet voice despite losing the chairmanship.