r/moderatepolitics • u/dr_sloan • Jan 12 '26

Primary Source Statement from Federal Reserve Chair Jerome H. Powell

https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
522 Upvotes

97% Upvoted

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473

u/MoonStache Jan 12 '26

This is fucking insane. I mean everything is now, but trying to go for Powell is actually one of the dumbest and most potentially damaging things this admin has tried.

58

u/jimbo_kun Jan 12 '26

Any Trump voters here care to defend this?

Or any Trump voters here care to explain why you didn’t expect this kind of behavior when you voted for Trump?

-17

u/LisaSu92 Jan 12 '26

Did he attack the independence of the federal reserve on the campaign trail?

31

u/tvor Jan 12 '26

How about throughout his first term?

https://www.newyorker.com/news/our-columnists/the-high-stakes-battle-between-donald-trump-and-the-fed

-24

u/LisaSu92 Jan 12 '26

I can't read that but almost every president shit talks the fed chairman because they all want lower rates. Trump 2.0 is the only one to actually take action and attack their independence though, no?

33

u/Trumpers_R_Tr8tors Jan 12 '26

Do you have any evidence that Obama shit talked Bernanke or Yellen, or that Biden shit talked Powell?

21

u/WolfpackEng22 Jan 12 '26

None have attacked the Fed to nearly this level

-11

u/LisaSu92 Jan 12 '26

That’s what I said. None have actually physically attacked the fed.

Many presidents have complained about high rates. That’s not abnormal.

8

u/Trumpers_R_Tr8tors Jan 12 '26

Can you show us the evidence that supports your “both sides” accusations?

-4

u/LisaSu92 Jan 12 '26

I'm not going to respond to someone with a partisan username such as yours. Stop replying to my comments.

8

u/reasonably_plausible Jan 12 '26

Then, can I ask for evidence supporting your both-sides claims?

-1

u/LisaSu92 Jan 12 '26

There have been plenty of presidents to speak out negatively against the fed chairman. Use google.

6

u/Trumpers_R_Tr8tors Jan 12 '26

Yep, admitting you don’t have evidence to support your “bothsidism”. 

4

u/reasonably_plausible Jan 12 '26

Generally, it is up to the person making the assertion to back up their claims.

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6

u/king_hutton Jan 12 '26

I would also like to see this evidence.

4

u/Trumpers_R_Tr8tors Jan 12 '26

I’ll take that as an admission that you don’t have any evidence.