President to See for Himself What’s Going on at the Federal Reserve

AP

President Donald Trump plans to step foot in the Federal Reserve on Thursday as his allies scrutinize its expensive building renovations, a highly personal and confrontational escalation of his campaign to pressure the central bank to slash interest rates.

Trump administration officials have used concerns about the building overhaul to cast doubt on Fed Chairman Jerome Powell’s decision-making. They were scheduled to inspect the site on Thursday, and the White House announced late Wednesday that the president would also be visiting.

The visit reflects Trump’s disregard for the traditional independence of the Fed, which plays a foundational role in the American economy by setting monetary policy that is supposed to be free of political influence. More

Hey, AP, who’s paying for the $2 billion renovation at the Fed? All right then, shut up. – Dr. Tar

22 Comments on President to See for Himself What’s Going on at the Federal Reserve

  1. Must be nice to get remodeled without it coming out of your own pocket.
    About a month ago I considered getting new carpet for my living rooms (for some reason my house has two) and dining room.
    Upon getting the price for the carpet, padding and installation I spent $500+ dollars and bought a very good carpet cleaner.

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  2. Trump had set the standard for what an honest president is supposed to do. We can never again support a lox like either bush as president, or shit like mcconnell or graham.

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  3. The fed is a private corporation owned by the member banks. It operates on a cost recovery basis, turning profits over to the treasury.

    As a former employee there, I’d love to see it dismantled. Ostensibly created to prevent boom/bust cycles, they’ve never done that.

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  4. $2.5 BILLION! Remove the kickbacks, corruption, red tape regulations and brother-in-law contracts and it would be half, if not Less the cost. Countless “someones” are getting their hands greased very well. Follow the money, audit the entire mess and prosecute anyone doing so. Until there is accountability this obvious fleecing will continue. Not only does it occur at the Federal level but all the way down the food chain to local politics. Thieves, damned thrives!

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  5. Bring a Rib Spreader & a Floodlight & jam them up the last 4 Chairmen & esp. Janet Yellen’s ASS to Find the Missing Assets & Her Brain!

    Worst one EVER!
    She didn’t think inflation would be a problem…

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  6. 112 years of non-stop crime and wealth transfer. Ron Paul would be more than happy to lead a thorough AUDITION of the Fed if you ACTUALLY CARE Mr. Trump. How about just supporting legislation to ABOLISH THE UNCONSTITUTIONAL FED?

  7. ‘ After releasing the Epstein client list, how’s about you release the names of owners of the PRIVATELY HELD Federal Reserve.’

    One more time; the fed is a corporation owned by the member banks. The identities of those banks is a matter of public record.

  8. JMV

    As I remember someone came out and issued a statement that it was there electronically. And everyone kind said, well that’s cool. The hell it is, that means it’s not there physically. Where the hell is our gold?

  9. Had the Fed been audited decades ago, they would hopefully already been gone, Trump made millions from the Fed’s manipulation of interest rates and their easy money policies, so all this is just more theater too. All while pretending that the Fed is “independent.”

  10. MrLiberty
    So this is all Trumps fault. I’m curios why a Trump hater like your self would post here. I don’t get it. I do however get you. A typical Libertarian. Like I’ve posted in the past, I could write your resume for you.

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  11. I guess maybe your trying to educate us idiots with out ever accomplishing jack shit on your own. You seem to be ramping up your attacks. Should be interesting with this community. Says the designated ass hole. However, I really don’t care. I’ve never met you,but I’ve met plenty. And know you like a book. What was the last job that ripped you off loser? I know, you were replaced by Pedro because he was better with a shovel. You are just as bad as a Democrat.

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  12. Sorry that it bothers you so much that other folks have been trying to fix this long before Trump showed up, or that folks now want to hold him to his promises. I believe in the free market and know the Fed is not only unconstitutional but also the source of most of our fiscal problems. Trump is grossly ignorant of sound economics, and has profited heavily from artificially low interest rates and wants more of the same destructive policies. I want Constitutional money and free market banking and interest rates. I supported Trump, but he needs to live up to his promises. Playing games with Powell is just another distraction from the Epstein files, all while looking like this is all political. Integrity would require the abolition of the Fed, not BS about cost overruns. Go after the Pentagon for those and simply abolish the Fed.

  13. “Sorry that it bothers you so much that other folks have been trying to fix this long before Trump showed up”
    We can stop right there. How’d they do? Were they successful? Let’s roll back to you accusing PRESIDENT Trump of profiting off the shit storm. Please justify that statement. Or shut the fuck up.

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  14. He’s gonna get in there, excuse himself to use the restroom then sneak off and find the control room where he’ll twist the interest rate knob to the lowest setting and then jam it in that position.

    Returning to the meeting, Powell asks him if everything is OK.

    “Yeah” says Trump “I was surprised at how small it was but once I got my hands on it and gave it a good twist, I felt a surge of release.”

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