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Germany is economy is falling apart, they are pushing the green party out, now the people aren't getting the electric because of  no wind and no sun. UK cuts rates. Iran's currency declines. The [CB] cut rates early, setting the stage. Powell says he will not go if Trump asks him. Big Pharma is now panicking, one CEO has resigned and the others had a meeting. The [DS] is now pushing protests in different cities. Are they gearing up for another insurrection? Trump has declassified all the information, at what stage of the game do you play the Trump card. Now they all lose.

 

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Economy

https://twitter.com/disclosetv/status/1854461646074196257

https://twitter.com/BitcoinMagazine/status/1854513438199885971

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Fed cuts interest rates in first meeting since Trump win

The Federal Reserve on Wednesday cut interest rates by a quarter of a percentage point, welcome news for consumers who have been struggling with higher rates.

After a two-day meeting of its monetary policy committee in Washington, D.C., the Fed announced it would move its rate target to 4.50% to 4.75%. Investors anticipated the move after the central bank’s bigger half percentage point cut at its September meeting.

 Source: washingtonexaminer.com

Powell says he would not resign as Fed chief if Trump asked for his resignation

 Federal Reserve Chairman Jerome Powell said Thursday that the president does not have the legal power to fire or demote him.

When asked whether he would step aside if President-elect Donald Trump asked him to resign, Powell simply said: “No.”

Source: cnbc.com

Legal Basis: Section 10 of the Federal Reserve Act specifies that members of the Board of Governors, including the Chairman, can be removed for cause by the President. However, what constitutes for cause isn't explicitly detailed in the law, but traditionally, it has been interpreted to mean serious misconduct like inefficiency, neglect of duty, or malfeasance in office. Policy disagreements generally do not suffice as cause for removal.

Practical Considerations:

Legal Challenge: If a President attempted to remove the Chairman without clear cause, the Chairman could potentially challenge this in court, which might lead to a Supreme Court decision defining what for cause means in this context.

Federal Reserve Structure: Even if removed from the chairmanship, the individual might still serve as a Governor if their term hasn't expired, potentially retaining influence over policy through voting rights on the Federal Open Market Committee (FOMC).

Trump’s tariffs will contribute to the US economic boom

Trump’s tariffs (coupled with his reduction in the corporate income tax for American producers) would encourage businesses to build new factories in the United States.  In his commentary “Trump’s Most Misunderstood Policy Proposal,” Cass pointed out that Americans, not foreign workers, get the wages when products are produced in the United States.  He also pointed out that manufacturing drives long-term growth:

Manufacturing drives innovation.