Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

BumRushDaShow

(157,492 posts)

7. Powell had actually "been there done that" during 45's first term

Reply to Javaman (Reply #6)

Wed Jul 23, 2025, 07:55 AM

Jul 23

when he replaced Yellen after the end of her term, and continued the rate increases (slowly coming off the 7 or so years of near zero due to the 2007-2008 "Great Recession" ).

After the same kind of "harassing", Powell (actually the whole Board) kept the rates steady for a bit, then started easing them down in late 2019... until the pandemic hit, and they dropped the rates back down to near zero again in early 2020 in one huge rate cut!

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

12 replies

= new reply since forum marked as read

Highlight:

President Trump indicates he'll let Fed Chair Jerome Powell serve out his term [View all] BumRushDaShow Jul 22 OP

Well isn't that white of Donald? BOSSHOG Jul 22 #1

Powell is not yours to fire anyway. BadgerKid Jul 22 #2

Just another example of his popsdenver Jul 22 #4

This. I hate it when the media contributes to this shit by legitimizing the idea that he even CAN fire Powell. That shit Karasu Jul 22 #5

trump's just whoring around for headlines to counter Epstein stories. mpcamb Jul 22 #3

TACO strikes again, but it says nothing about how miserable he will make it for Powell Javaman Jul 23 #6

Powell had actually "been there done that" during 45's first term BumRushDaShow Jul 23 #7

oh I know, but it won't stop the orange asshole. Javaman Jul 23 #9

Yeah and agree - watch what happens next week with their next meeting! BumRushDaShow Jul 23 #11

Ruh row. twodogsbarking Jul 23 #8

Really, for many, this Fed Chair appointment is incentive to get Turd out. Captain Zero Jul 23 #10

Always gratifying, to see trump going 110% TACO chickenshit in public. (nt) Paladin Jul 23 #12