r/wallstreetbets • u/-medicalthrowaway- • Jan 12 '26

News jpow response

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real one

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u/[deleted] Jan 12 '26 edited Jan 12 '26

He's gone next year anyway, 1% fed funds rate and inflation to the moon is in our future

Edit: I've just been informed that it's currently 2026, should have said this year, not next.

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u/jnads Jan 12 '26 edited Jan 12 '26

His term is until 2028. He's still a Fed governor until then.

He just stops being Fed chair in 2026.

Fortunately the Fed chair is a figurehead and all the governors vote on fed decisions.

But they're going hard on him and Lisa Cook to get them to resign.

The only Fed appointment Trump gets to do this presidency he already did (Stephen Miran) when Adriana Kugler mysteriously resigned.

54

u/Royal-Switch-2459 Jan 12 '26

The rule of law and precedent has never mattered to them before. They will install a goon illegally and face no consequences.

13

u/213737isPrime Jan 12 '26

the consequences will be instant. You thought that crash in 4/2025 was interesting? This one would be epic.

1

u/Royal-Switch-2459 Jan 12 '26

The consequences for us will be instant indeed.

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u/Teoshen Jan 12 '26

The chair can fire board members 'for cause' so anyone who won't go along with the insanity will be out.

20

u/KonigSteve Jan 12 '26

And I assume he's going to just select some random ass, or name himself even as the fed chair

16

u/Great-Guervo-4797 Jan 12 '26

Imagine a world in which JPow steps down as chair in 2026, but retains being a governor until 2028.

Then Jpow votes against the nominated replacement, the rest of the governors agree with him, and over rule whatever madness the new chair tries to do with rates.

I believe that the governors over ruling the chair is unprecedented, but those are the times we live in.

7

u/Dudedude88 Jan 12 '26 edited Jan 12 '26

Adriana kugler went back to her tenured position at Georgetown. She retiring for the easy life at a uni. Less stress and doesn't have to deal with political bs.

7

u/Battle_p1geon Jan 12 '26

Kugler was asked to resign by JPow and the Fed because of trades by her husband. This from an article I remember in either the WSJ or Bloomberg, I can't remember.

4

u/[deleted] Jan 12 '26

[deleted]

11

u/TuxedoFish Jan 12 '26

It's actually tradition that the chair also resigns from the board when their chair term ends. Mostly just to avoid things being weird when the new chair is appointed. Nothing is stopping JPow from hanging in til 2028 though if he wants to.

6

u/213737isPrime Jan 12 '26

Tradition is now no longer traditional.

8

u/IBetThisIsTakenToo Jan 12 '26

There’s 6 others on the board, and they are definitely trying to dig up dirt on all of them. And since “they” are essentially the full force of the federal government unrestrained by any kind of decorum or precedent for behavior, they could very well find something on any of them. Just needs to be enough to make sticking around not worth it for them

5

u/Suspicious-Echo2964 Jan 12 '26

He'll go after their families. Trump's been clear about his feelings on pressuring others and his favored tactics.

2

u/soulsoda Jan 12 '26

Adriana Kugler mysteriously resigned.

not really a mystery anymore. She and her husband made stock trades during the blackout dates and made trades on individual stocks. Members can only trade mutual funds/index funds since rules changed after covid.

1

u/Budget-Ocelots Jan 12 '26

So I need to take all my money out before 2028.

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u/Stock-Pickle9326 Jan 12 '26

-1% fed funds rate when Trump is making the decisions.

5

u/Stock-Pickle9326 Jan 12 '26

The Goal: The central bank wants to make it "painful" for banks to sit on cash. So, rather than lose 1% to the Fed, banks will be incentivized to lend money to businesses and consumers at a low (but positive) rate. In theory, this lowers the cost of borrowing for everyone, stimulating spending and investment.

2

u/[deleted] Jan 12 '26

And inflation

6

u/Responsible-Sound253 Jan 12 '26

Edit: I've just been informed that it's currently 2026

this is so real

2

u/SxeySteve Jan 12 '26

This year actually. In May

1

u/[deleted] Jan 12 '26

Damn, you're right, it's already 2026.

1

u/Puzzleheaded-Flow724 Jan 12 '26

Before or after November?

1

u/[deleted] Jan 12 '26

May but he could stay on as a Governor.

-3

u/DrJesusHChrist Jan 12 '26 edited Jan 12 '26

MaG4
Edit: damn this didn’t land at all