https://www.cnbc.com/2018/07/20/trump-poised-to-take-control-of-the-federal-reserve.html
Dick Bove: Trump poised to take control of the Federal Reserve
President Trump sharply criticized the Federal Reserve this week, saying interest rate increases are hurting the economy.
Trump will have the opportunity to fashion the central bank in the image he would like as he has four vacancies to fill on the board of governors.
The result could be a more politicized Fed.
...The president can and will take control of the Fed. It may be recalled when the law was written creating the Federal Reserve the secretary of the Treasury was designated as the head of the Federal Reserve. We are going to return to that era. Like it or not the Fed is about to be politicized.
Popcorn run …..
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BigFatDaddy ago
The Federal Reserve? I remain skeptical. I still like President Trump, but come on. He's no Andrew Jackson.
Shizy ago
JFK tried to end it, and look what happened to him shortly thereafter. If he was on to this scam and strong enough to try and stop it, why wouldn't Trump be up to it as well?
BigFatDaddy ago
Because of what happened to JFK maybe?
Shizy ago
I'm sure because of JFK Trump knows what he's up against. I hope that if he moves forward with this, he takes as many precautions as possible to protect himself.
BigFatDaddy ago
I'm sure its a big reason he uses his own security team in addition to (instead of) the Secret Service...