Head of the FED ethers Trump in front of TV Cameras

[highwhey]

On Thursday, as Mr. Powell accompanied the president on a tour of the Federal Reserve’s headquarters, the Fed chair seemed fed up. The president wanted to take him to task over the cost of renovations to the building, but Mr. Powell was having none of it.

“So we’re taking a look, and it looks like it’s about 3.1 billion,” Mr. Trump started in, prompting Mr. Powell to shake his head. “It went up a little bit — or a lot.”

“So, the 2.7 is now 3.1,” Mr. Trump continued, causing Mr. Powell to recoil and look at the president with a puzzled expression.

Seeming to anticipate Mr. Powell’s objection — the chair said he had never heard the figure, and that no such numbers had come from the Federal Reserve — Mr. Trump reached into his jacket pocket for a document detailing the costs, which he said “just came out.”

Mr. Powell took the paper, scanned it for a moment, and looked up. The two men, wearing matching white hard hats at an active construction site, stood side by side before the cameras.

“You just added in a third building,” Mr. Powell said.

“It’s a building that’s being built,” Mr. Trump said.

“No, it was built five years ago,” Mr. Powell said.

Mr. Trump tried to get in the last word: “It’s part of the overall work.”

But Mr. Powell stood his ground. “It’s not new,” he said, as the president kept his face toward the cameras and changed the subject.

It was a remarkable scene. Mr. Trump, who is used to world leaders bowing down to him and cabinet members fawning over him, has rarely encountered a top official challenging him in public — in front of television cameras, no less — let alone telling him he was wrong.

Trump doesn't know how to do basic arithmetic so the head of the fed basically told him "listen you FAT FVCK, you can't count for sh1t, you're WRONG" (paraphrased).

[Off the Court]

Everyone hates Powell, for real. But he is actually the entire f@#king reason the US inflation rate did so much better than every other country out there during covid. He is the entire reason we are in the 2% range and not the 5% range.

Everyone wants him to lower interest rates, but he knows that is inflationary and would cause more harm than good. He does what is actually the right thing to do rather than SPEND SPEND SPEND!!!!!!!

The US population is like little kids crying for candy, and Powell is the parent saying "you've had too much, time to take a break from that or you'll get sick".

Powell is probably the best hire that Trump ever made, which is why Trump doesn't even remember hiring him.

[highwhey]

Everyone hates Powell, for real. But he is actually the entire f@#king reason the US inflation rate did so much better than every other country out there during covid. He is the entire reason we are in the 2% range and not the 5% range.

Everyone wants him to lower interest rates, but he knows that is inflationary and would cause more harm than good. He does what is actually the right thing to do rather than SPEND SPEND SPEND!!!!!!!

The US population is like little kids crying for candy, and Powell is the parent saying "you've had too much, time to take a break from that or you'll get sick".

Powell is probably the best hire that Trump ever made, which is why Trump doesn't even remember hiring him.

nah he should lower them

[Off the Court]

He was about to do just that, but Trump's tariffs sent inflation back up and caused retailers to raise prices once again.

TRUE STORY - If Kamala had been elected? Rates would have been lowered by now.

[Off the Court]

Which is probably why Powell has no problem putting Trump in his place, he fully knows that Trump is the problem, and not him.

[Patrick Chewing]

[j3lademaster]

nah he should lower them

Disagree. We’re in a bubble right now, lowering rates will just **** our money multiplier which will make us have to print more cash to keep up. Plus with everyone suddenly refinancing if rates go down there’s no telling what that will do to the banking system.

[highwhey]

Disagree. We’re in a bubble right now, lowering rates will just **** our money multiplier which will make us have to print more cash to keep up. Plus with everyone suddenly refinancing if rates go down there’s no telling what that will do to the banking system.

im trying to sell my house

[Lakers Legend#32]

Poopsie's generic response when Trump massively f#cks up.

[Hey Yo]

im trying to sell my house

Nobody wants to buy your teepee on wheels