Well, howdy there, internet people, it spell again.

So today, we're going to talk about Trump's Fed moves potentially backfiring in the most hilarious of ways.

Trump has had a contentious relationship with the Federal Reserve since before he even took office when he

wanted them to keep interest rates high because he apparently believed it would hurt Americans

who would then blame Biden. But then wanting them lowered once he got into office. He blames Jerome

Powell for interest rates not being dropped. Trump has

applied a lot of pressure to drop interest rates in spite of economic data. Despite that, the Fed has

been basically ignoring him and protecting Trump from his own misunderstanding of economic policy.

But now, all of that pressure is converging, and the outcome may be the funniest thing to

occur in Federal Reserve history. So, let's lay out some facts that are important to understanding a potential chain of events that was always possible, but wasn't likely until recently.

Trump wants interest rates lowered. Trump wants the Federal Reserve to lower those rates.

Trump also wants an overhaul of the Fed in general, which would reduce its independence.

Jerome Powell's term as chair of the Federal Reserve Board of Governors ends in May.

Everybody knows that.

But what many don't know is that his term as a Federal

Reserve Governor doesn't end until 2028. Generally, exiting chairs leave, but they aren't required to.

Trump has nominated Kevin Warsh to become the new Fed chair, but the Fed chair

has to be on the board of governors. Worse is currently not, which means Trump may have to give

Worse the seat of Trump ally Stephen Myron to get Warsh where he wants him.

Trump has pushed for legal actions against Fed governors Cook and Powell.

Because of that, Democrats on the Senate Banking Committee have basically said they aren't moving on anything until those are resolved.

Warsh would have to get through those committees. Gridlock.

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