Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about a Federal Reserve Governor resignation and Trump's options.

On Friday, Federal Reserve Governor Adriana Coogler announced her resignation.

There was no stated reason for her early departure in the

letter, but she's going back to being a professor. She did say, quote, it has been an honor of a

lifetime to serve on the board of governors of the Federal Reserve System. I am especially honored

to have served during a critical time in achieving

our dual mandate of bringing down prices and keeping a strong and resilient labor market.

Contrary to Trump's claims and him trying to paint it as a disagreement between her and Powell

over lowering interest rates?

Coogler had been expressing viewpoints that would have generally been read as wanting to keep rates up

until there's a clearer picture. If there was a disagreement, it was probably over the job market,

not inflation. But at this point, there's no evidence there was a disagreement.

Now, this gives Trump an opportunity to make an appointment. There are those signaling doom over this

prospect. There's a couple of things to remember here. First, her term was up in just a few months at the beginning of

2026. Second, a Trump appointee doesn't necessarily mean they'll do what he says. But Trump will

absolutely try to get an appointee who will obey him, and maybe even one that could be tapped to be the chair when Powell leaves.

Here's the thing about that. With all of the news coming out, with inflation ticking up,

it certainly seems like Powell was protecting Trump from the fallout of his own decisions.

And now that the damage Trump has done to the labor market

has become apparent, the Fed may look at interest rates differently. Generally, high interest rates

are viewed as keeping inflation in check, but low interest rates are generally viewed as beneficial

...