Trump tells Fed's Lisa Cook she's fired; she says 'he has no authority to do so'
https://www.cnbc.com/2025/08/25/trump-fires-lisa-cook-fed-powell.htmlOpen linkView original on lemmy.world294
Comments26https://www.cnbc.com/2025/08/25/trump-fires-lisa-cook-fed-powell.htmlOpen linkView original on lemmy.world
She is toast, the supreme court is rigged to serve Trump.
More importantly, this will serve as a major test to the Fed's independence.
If the supreme court decides, I wouldn't count on that independence lasting for much longer.
It will probably serve the crazy Republican president as it was designed by Mitch "The Turtle" McConnell.
The institutions are falling like dominoes, it's looking really really grim for democracy in USA.
How about the Epstein Files TACO?
It's unthinkable, as this would be the final nail in the coffin of USD being the world's primary reserve currency, and with it the debt breaks the country and the ability to print money is instantly ended.
These are not bad things, if done thoughtfully and intelligently over time. This administration is incapable of that.
He will chicken out, but the damage is done to the faith in the US government by our allies, and in the USD.
I don't think you realize the wealth it has given USA to be the #1 global reserve currency by far.
It's a giant economic interest free injection to the entire US economy.
I also don't think it's unthinkable, I think they could very well do it, because that's how stupid they are. The USD is down 15% since Trump became President, And Trump wants it to fall even more, because he thinks it gives USA a competitive advantage. Completely disregarding it makes everybody poorer first and increases inflation.
Yes, but also Trump has all his money in shitty crypto tokens and the Crypto Bros have him convinced that if the dollar tanks, $TRUMP will soar vs. the dollar.
Our President is looking to actively tank the dollar for his own personal gain.
Lol, it's not just her saying it, as if it's some disagreement. He has no authority to fire her.
I'm sure a couple of masked agents blocking her entrance will not show up any time at all
"Sufficient reason to believe" - Either you have real evidence, or you are just hallucinating again. Most likely the latter.
Authoritarianism is all about "because I said so."
Fascists pray to their fascist god that the people they are attempting to oppress won't push back.
So push back.
In his head:
Might be the most misleading graph I've ever seen and the quality makes it difficult to even realize it's a terrible graph.
Drops 20 cents of 146 against JPY, currency must be kill
I honestly do expect this path leads to dedollarization in the long run but truly an absurd graph to make that claim lmao
This should still be sounding alarm bells, tho, shouldn't it? Are these kinds of spikes common in any other scenario?
It's such a small amount I'd be shocked if it never happened before.
Default scaling- it was a smaller drop than others in the last 5 days, and came right back immediately.
Scales are important. You can make anything look extreme by manipulating the x or y axis.
That's the worst screenshot of a graph ever. That could be the price of potatos in pesos dropping by 1 cent for all I can tell.
Oh, it is.
That’s about a half a percentage change. Fuck off with this disingenuous graph.
Yo, whatevah house I be at is muh primary one. Edit to add the obvious, if she wasn't busted she would have already released the documents.
You forgot your meds
Unlike the president who would never do anything illegal!
No, the difference is that the laws don't apply to him lol