Kim Perales
@KimPerales@toad.social  ·  activity timestamp 6 days ago

If Trump’s effort to remove Lisa Cook for cause succeeds, & perhaps even if it doesn’t, this week will go down as one of the most consequential for FIN mkts in decades.

It isn’t just the US. Other countries have also come to expect an indep US central bank.

🚨W/o indep, the Fed couldn’t be trusted to give priority to low over the president’s other priorities.

Many on WS have privately worried that pol pressure will🚨undermine the Fed’s credibility.
wsj.com/economy/central-bankin
Bohemian Peasant
@BohemianPeasant@pnw.zone replied  ·  activity timestamp 5 days ago
@KimPerales

Let’s not overlook the danger of an #autocrat having control of central bank assets.

It would be #grift on steroids.

#tyranny #federalreserve #corruption
MissConstrue
@MissConstrue@mefi.social  ·  activity timestamp 7 days ago

Ok y'all...let's talk finance. Big finance, the one that rocks the cradle of the world economy. The US Federal Reserve.

The Reserve, commonly referred to as "#TheFed" is not part of the executive branch; it is an independent central bank that operates within the federal government but is designed to be insulated from political pressures. Its decisions do not require approval from the President.

So why is King Kankles going after Federal Reserve governor Lisa Cook? Because she is a #Black#Woman. That's it. That's all there is to it.

The guy who owns the largest homebuilder in the country #Pulte, sent a tweet with no proof that Ms. Cook had filed a paper incorrectly 4 years before she joined the Fed. That's the whole justification for #47 demand.

It's #racism and #grift all the way down.

Oh, btw, the dollar is falling and countries are dumping t-bills. Fun! Thanks, #KingKankles

#FederalReserve#USPol#FinancialDisasterLooming

https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm
MissConstrue
@MissConstrue@mefi.social  ·  activity timestamp 7 days ago

Ok y'all...let's talk finance. Big finance, the one that rocks the cradle of the world economy. The US Federal Reserve.

The Reserve, commonly referred to as "#TheFed" is not part of the executive branch; it is an independent central bank that operates within the federal government but is designed to be insulated from political pressures. Its decisions do not require approval from the President.

So why is King Kankles going after Federal Reserve governor Lisa Cook? Because she is a #Black#Woman. That's it. That's all there is to it.

The guy who owns the largest homebuilder in the country #Pulte, sent a tweet with no proof that Ms. Cook had filed a paper incorrectly 4 years before she joined the Fed. That's the whole justification for #47 demand.

It's #racism and #grift all the way down.

Oh, btw, the dollar is falling and countries are dumping t-bills. Fun! Thanks, #KingKankles

#FederalReserve#USPol#FinancialDisasterLooming

https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm