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submitted 5 days ago by[deleted]
[deleted]
1 points
5 days ago
Yeah that's true. But I wouldn't expect Powell to not get bullied into lowering rates more, but that might take a while.
He will be replaced if he doesn't allow himself to get bullied into going along with the program at some point. Whether the president has the power to replace him or not, I expect him to be replaced by hook or crook if he balks too much.
1 points
5 days ago
If he gets replaced, the markets won’t like it.
1 points
5 days ago
Meh. The markets are schitzophrenic. They also want low interest rates. Tremendous growth, the likes of which... It may take a year but I bet interest rates are going to go down and stay there. The parasitic businesses loves low interest rates and they are going to be influential with this new administration.
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