On: Statement from Federal Reserve Chair

[CyanLite2]

He's sending a message to the NEXT Fed Reserve Chair.

[rileymat2 → CyanLite2]

He does not need to send a message to the next chair, he will appoint an ally. He needs votes.

[throw0101c → rileymat2]

> He does not need to send a message to the next chair, he will appoint an ally. He needs votes.

Autocrats need to constantly be sending a message: stay loyal or else.

[anjel → rileymat2]

More than voters, trump needs Wall Ttreet's vote, and they aren't having any of this.

[rileymat2 → anjel]

Sorry, I was not clear, he needs votes on the fed board, not so much a message to the chair.

[dfxm12 → rileymat2]

FWIW, Trump appointed Powell as chair.

[littlestymaar → dfxm12]

He also appointed Mike Pence,who single handedly derailed his coup in Jan 2021.

He learned from his mistake, and this administration is much less prone to defect than the first one.