Fannie/Freddie Politics Board (Politics Allowed~Non-Moderated)

[NeoSunTzu]

The new Fed governor is a replacement for someone who just resigned last week or so. The person who resigned did NOT vote at or attend the July Fed FOMC meeting. I think Powell gets one last chance from Trump at the Sept 17th meeting, but Trump seems to be savvy enough to not let that one meeting decision keep fox around the hen house ... one way or another Powell is out ... Trump will definitely not reappoint him when his Fed term is up, if he makes it that far. A big rate cut from the board may save his spot up to his end date but there's no doubt Trump is looking at all his options. He's not screwing around this time: for example, he went after the BLS head for good reason on the jobs numbers and past revisions - Trump's team is looking at the entire picutre - tariffs, trade, interest rates, debt payments, IRS, bringing businesses back to the U.S. - so I don't think there's much room left at the end of Powell's rope.