Will Trump Terminate Jerome Powell, Chairman of the Federal Reserve?
Don't be surprised...
“Powell’s termination cannot come fast enough!” President Trump said in a social-media post on Thursday morning.
Later Thursday, in the White House, Trump told reporters he had the power to dismiss Powell as Fed chair.
In December, Macro Watch On Substack published a video titled:
“Will Trump End The Fed?” (December 4, 2024)
It explained how the president could wrench control of Monetary Policy away from the Fed, and why he was likely to attempt to do so. This would be a good time to rewatch that video.
Macro Watch On Substack subscribers can click below and watch that video now:
Will Trump End The Fed?
A new Macro Watch On Substack video has just been released, and it tackles one of the most provocative questions in economic policy today: Will President Trump End the Fed?
With the world on the brink of a New Great Depression, here are some other recent Macro Watch On Substack videos that I recommend subscribers rewatch:
The Existential Threat of a Debt Deflation Depression (October 9, 2024).
That video explains that if the United States $100 trillion Credit Bubble pops, a cataclysmic Debt Deflation Depression would destroy our civilization; and it describes how that would play out.
Macro Watch On Substack subscribers can click below to watch that video now:
The Existential Threat of a Debt Deflation Depression
Total Credit in the United States hit $100 trillion during the third quarter, a 100-fold increase in 60 years. This must be viewed as history’s greatest Credit Bubble.
America’s Wealth Miracle Is On Shaky Ground (December 27, 2024).
That video examines the extraordinary surge in U.S. household wealth, its fragile dependence on booming asset prices, and the underlying risks posed by weakening credit growth and tightening liquidity. Click below to watch it:
America’s Wealth Miracle Is On Shaky Ground
The United States is experiencing an extraordinary surge in wealth. During the third quarter of 2024 alone, U.S. household wealth increased by $4.8 trillion, bringing the total to an astonishing $169 trillion. This remarkable figure reflects a wealth increase of $108 trillion since 2008, $52 trillion since 2019, and $17 trillion in just the past year. To put it into perspective, the recent $17 trillion gain alone could pay off half of the U.S. government’s $36 trillion debt.
Is The Everything Bubble About To Pop? (January 23, 2025)
That video goes over "all the reasons why 2025 may be the year that the Everything Bubble pops". Click below to watch it:
Is the Everything Bubble About to Pop?
The year 2025 could mark a turning point for the global economy and financial markets.
“A Period of Transition” Into A Great Depression? (March 11, 2025)
That video explains why large Government Spending Cuts combined with high Trade Tariffs may have catastrophic consequences for the United States and the World.
“A Period Of Transition” Into A Great Depression?
A Transition Period—Or The Beginning of a New Great Depression?
Dollar Devaluation Fears To Drive Stock Market Crash (April 7, 2025).
That video describes how fears of a Dollar Devaluation could provoke a flight out of Dollar-denominated assets that destroys tens of trillions of dollars of Wealth during the weeks ahead.
Dollar Devaluation Fears To Drive Stock Market Crash
Panic is spreading through the financial markets.
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