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'New World Disorder': Trump's attacks on Powell add to uncertainty for stocks
(finance.yahoo.com)
this post was submitted on 22 Apr 2025
217 points (99.1% liked)
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For wildly differing reasons, neither Trump nor Powell will ever do anything to help out regular people in the US. They both are looking to maintain the status quo of wealth concentrating in the 1%. Trump has no idea this is the case, of course. So I have trouble really worrying about this whatsoever, because fuck all those people. Now excuse me, whilst I increase my 401K contributions.
Same mentality got us Trump's second term.
Powell is doing that. Trump however is working hard to concentrating the wealth of the oligarchs closest to him, which make up a lot less then 1% of the population.
Fair point.
Well Powell has the "dual mandate" of price stability and low unemployment, so by definition its his job to maintain a stable environment. So that must be pretty interesting right now lol.