As Powell leaves the fed and Trump replaces him with a toady,

[applegrove]

inflation will get worse.

It’s hard to find ideas that 99% of economists will agree on, “inflation will get worse if the central bank stops being independent and starts setting interest rates based on the short term whims of the president” is one of them

— Joey Politano🏳️‍🌈 (@josephpolitano.bsky.social) 2026-01-12T00:29:41.546Z

[Fiendish Thingy]

1. Powell isn't leaving the Fed

His term as chair ends in May, but he will still remain a member of the board, which is probably why Trump and Bondi are ramping up the attacks on him, to try and force him out so Trump gets to appoint two seats, which IIRC, would create a majority of Trump appointees at the Fed.

[BigmanPigman]

2. Woohoo!!!

He's not going anywhere just yet.

[no_hypocrisy]

3. A majority on the Fed doesn't necessarily have to vote with the new Chair.

Like many SCOTUS decisions aren't dependent upon CJ John Roberts.

[themaguffin]

4. Absolutely. Bonus, he's going to fuck us more with Greenland.

[JCMach1]

5. Forget about inflation. They will devalue the dollar

To the point we are all serfs.