Trump's Historic Opportunity with the Federal Reserve

Mises Institute ^ | 9/7/2017 | Tho Bishop

[Mafe]

And then there were three.

Today Stanley Fischer submitted his letter of resignation from the Federal Reserve’s Board of Governors, effective next month, the second such resignation of Donald Trump’s presidency. While Fischer’s term as Vice Chairman of the Fed was set to end next year, he had the ability to serve as a governor through 2020. Along with Trump’s decision next year on whether to replace Janet Yellen as the Fed’s chair, this means Trumps will have the opportunity to appoint five of seven governors to America’s central bank.

Given that the position holds a 14-year term, it is unusual for a president to have the opportunity to make so many appointments. As Diane Swonk of DS Economics noted, “It’s the largest potential regime change in the leadership of the Fed since 1936.”

Of course the question is now whether a change in personnel will lead to a change in policy.

[veracious]

Return to USConstitution: terminate the _federal_ _reserve_.

[TEXOKIE]

bfl

[Fiddlstix]

Nailed It !

[Edward.Fish]

Absolutely correct response.

[drypowder]

believe it or not if you will, the shadow government had the deep state take out JFK for trying to do that very thing

[txnativegop]

he will appoint those who will benefit his personal business interests.

I hope not. I would not be surprised, though, if it did.

I would personally hope he’d abolish the Fed Reserve, but that won’t happen either.

[Teacher317]

They’re apparently declining to charge anyone in the IRS targeting scandal (guaranteeing that it will happen again in the near future), so I fail to see any grand progress here either. I have no idea what is going on with the GOP, RNC, and Trump Administration. All 3 seem to be pulling away from the pipe dreams we all had back in November.

[Toddsterpatriot]

JFK didn’t try to do that.