ilmscore | Can Trump Take Over the Fed? Powell’s Job on the Line!

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Prediction
Topic
Status
Jerome Powell's term as Fed Chair is set to end next May, allowing Trump to appoint a successor with minimal disruption approximately a year from now.
"Pal's term ends next May uh this means that Trump will be able to appoint whoever he wants to the Fed with minimal disruption in about a year's time"
POWELL
Pending
A Supreme Court ruling favoring Trump's appeal on firing federal employees could lead to market volatility and damage the US legal system's integrity due to speculation about Trump controlling the Fed.
"The Supreme Court ruling in favor of Trump's appeal would not only cause enormous volatility in the markets as investors would speculate that Trump would use this power to take control of the Fed but it would also call the integrity of the US legal system into question which would do enormous damage to the US"
Federal Reserve Policy
Pending
The erosion of Federal Reserve independence is presented as an inevitable historical process, accelerated by global crises, with WWI, the Great Depression, and WWII being key historical milestones, and 2008 and 2020 being the first two steps in the current century.
"history suggests that the process is inevitable and will be accelerated by global crises and global conflicts 100 years ago World War I the Great Depression and World War II were the three steps that caused the Fed to lose its independence in this century 2008 seems to have been the first step towards the Fed losing its independence and 2020 was the second step"
Federal Reserve Independence
Pending
It is predicted that the Federal Reserve will eventually be forced to print trillions of dollars to finance government spending, a trend that has potentially already begun, leading to significant capital misallocation.
"the Fed will eventually be forced to print money to finance whatever it is that the government wants to spend money on be it ideology or infrastructure and this is the truly terrifying outcome because it's one wherein tens if not hundreds of trillions of dollars will be printed and misallocated a trend that some would say has already begun"
Monetary Policy
Pending
Rampant inflation is predicted to cause all assets to rise in fiat terms, but only truly scarce assets like gold and Bitcoin will gain value in real terms.
"The result would be rampant inflation where any asset that's scarce relative to the money supply would rise in fiat terms that would be literally everything but only truly scarce assets would gain value in real terms in this context that means gold Bitcoin and any other digital or physical commodity that's recognized by investors as a store of value"
Inflation and Asset Value
Pending
Severe supply shortages are predicted to cause economic struggle and unprecedented stagflation, with the assertion that this trend may have already started.
"The economy would struggle due to these shortages of critical supplies this would create a degree of stagflation that we've never seen before and some would say that this has also already begun"
Economic Conditions
Pending
In the event of a crisis, it is probable that Jerome Powell would be fired, leading to a market crash.
"the Fed would likely fire Pal in the event of a crisis and chances are that markets would be crashing because of this crisis"
Federal Reserve
Pending
Trump may not need to fire Jerome Powell to achieve his goals with the Federal Reserve, as he would likely only do so if other methods proved unsuccessful.
"Trump doesn't need to fire Pal to get what he wants from the Fed and the only reason he would fire Pal was if he couldn't get what he wanted from the Fed by other means"
Federal Reserve
Pending
Trump could have legal grounds to fire Jerome Powell and FOMC members if they fail to meet the Fed's mandate of approximately 4% unemployment and 2% inflation, particularly if unemployment rises above 4% and inflation falls below 2% without the Fed easing policy.
"Trump could theoretically fire Pal and other members of the FOMC if they fail to act in accordance with the Fed's mandate..."
Jerome Powell's Firing
Pending
The Supreme Court is expected to rule on an appeal regarding the president's ability to fire federal agency officials without cause in June or July.
"Trump has asked the Supreme Court to consider the appeal in May and this would reportedly result in a ruling on the appeal in June or July."
Supreme Court Ruling on Agency Firings
Pending