This shit is wild.
Any sense on how ppl at the Fed are reacting to the news?
While this ruined my sunday night, i imagine JPowell’s sunday night was probably worse.
He deserves it tbh
The building renovation was a scam and a fiasco
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I don’t disagree that there likely has been a crime or fraud of some sort committed, but I dunno. I wonder if this is going to lead to a complete destruction of our currency.
Markets aren’t taking this seriously. I’d tend to agree with them.
Let’s be honest: central bank independence is a joke unless they’re following an actual rule, and none of these people want the Fed to.
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Does this change who is likely to become the fed chair?
I imagine this has to make someone like Chris Waller have second thoughts. He doesn’t have the political or financial muscle to deal with a DOJ investigation if he steps out of line with Trump as Chairman. Even if he tries to move rates the admin wants, he won’t be able to do anything if the other members don’t vote with him, and trump will probably hold him personally responsible for any perceived failures.
From everyone I talk to there, it seems like they’ve barely noticed.
For the Chairman stakes, my sources tell me that Hassett is the pick unless something drastic happens between now and May. Not sure how they get that through Banking given Tillis’s position, but the it sounds like the admin is hellbent on getting the most loyal person they can in there.
Is Econ Job Rumors freaking out yet?
So it’s just Pirro going rogue(ish). This admin is staffed with fucking morons.
https://www.axios.com/2026/01/12/bessent-trump-investigation-powell-federal-reserve
Bessent is delusional if he thought this would happen
- Bessent “thought that when the president named a new Fed chair, that Powell would go. But now that’s not going to happen,” another source said. “Now [Powell is] dug in. This really made a mess of things.”
Does anyone actually think Judy Shelton is gonna get the pick? It’s a ~11% yield betting no on her. And if you’re considering that it’d be over a 3 month holding period max, it’s closer to a 50%+ annualized yield. Basically free money.
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Haven’t you already lost multiple paychecks on your Fed related bets? Not quite sure you should be doubling down at this point…
Weird because her percentage is way lower for fed chair. And there’s no governor spots unless Waller becomes chair.
Although her percentage has recently spike from like 1 to 4
Clearly it’s a bunch of illiterate morons betting. Bowman and Waller are already governors and have positive yield. Why would Trump nominate them in 2026???
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