nominated by the president = at the pleasure of the president. If the president is not at pleasure with the chairman, although the POTUS cannot technically remove the chair during their term (although I am sure Donald Trump wished he could), he/she will just serve out his/her term and then won't get re-nominated (example Janet Yellen, Bernake and etc.). Same thing. Usually Fed chairmen serve at least two terms with Janet Yellen the only exception where she only served one term and didn't get renominated for a second term. Would she ever come back to being Fed chair again? Only time will tell.
The Last of Lehman Brothers
- Thread starter ajacobson
- Start date
nominated by the president = at the pleasure of the president. If the president is not at pleasure with the chairman, although the POTUS cannot technically remove the chair during their term (although I am sure Donald Trump wished he could), he/she will just serve out his/her term and then won't get re-nominated (example Janet Yellen, Bernake and etc.). Same thing. Usually Fed chairmen serve at least two terms with Janet Yellen the only exception where she only served one term and didn't get renominated for a second term. Would she ever come back to being Fed chair again? Only time will tell.
I am often reminded on ET is that poster's egos are so fragile that they cannot be accept a correction of factually incorrect remarks.
You're the guy who said in March 2020 that US markets were the new Japan and we'd never see 3390 again on the SPX in our lifetime. Inflation isn't nearly the big deal long term that you are making it out to be. So much market weakness this year is predicated on what might happen based on worst case scenarios. It'll all unwind over time beyond poor quality IT which was genuinely overpriced.
Recent numbers suggest inflation and other perceived negative factors are already peaking and the measures taken so far haven't even started to impact yet. The main risk to markets is not inflation or any number of concerns the media and some traders trumpet now; it's the Fed overdoing the measures creating an unnecessary recession. There is a growing minority taking the contrarian view that a significant recession is not a given.
"I am often reminded on ET is that poster's egos are so fragile that they cannot be accept a correction of factually incorrect remarks."
re; remark correction
I am often reminded that on ET posters' egos are so fragile, that they cannot accept a correction of factually incorrect remarks.
re; remark correction
I am often reminded that on ET posters' egos are so fragile, that they cannot accept a correction of factually incorrect remarks.
Yes and also on ET, some posters' ego are so strong that they have to say the same thing THREE times while refusing to accept other people's opinions and facts. LOL
Ahhh the diversity...
The first link did just generally mention "inflation" but not in the then current context. The second post made the wrong assumption that Powell won't raise rates. Not pointing specifically at you, just saying it's easy to say things in retrospect. Central banks by necessity are ALWAYS behind the curve and need to balance multiple mandates while keeping an eye on not killing fragile economies during a prolonged pandemic.
When the Fed in the US came into existense in 1913 there was no employment mandate.
You don't recognize a fat finger error. Per your personality you again show a consistent inability to recognize facts from daytime musings.Yes and also on ET, some posters' ego are so strong that they have to say the same thing THREE times while refusing to accept other people's opinions and facts. LOL
Ahhh the diversity...
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No it's more like a fat ego error to me. LOL