The Stable Genius Report

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Filtering by entity: United States Federal Reserve System | Clear Filter
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Summary:The post depicts Donald Trump informing Jerome Powell that he is dismissed from his position, with Powell shown leaving the Federal Reserve.
Sentiment:Directive
Key Claims:
  • Donald Trump is removing Jerome Powell from his role as Chairman of the Federal Reserve.
  • The President exercises direct authority over the leadership of the Federal Reserve.
Potential Market Impact (S&P 500):9/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:9/10
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Summary:The White House removes Dr. Lisa D. Cook from her position on the Federal Reserve Board of Governors, effective immediately, citing false statements on multiple mortgage agreements and a lack of competence and trustworthiness as a financial regulator.
Sentiment:Condemnatory
Key Claims:
  • Dr. Lisa D. Cook is removed from the Federal Reserve Board of Governors, effective immediately.
  • The removal is enacted under authority of Article II of the Constitution and the Federal Reserve Act of 1913.
  • Dr. Cook made false statements on one or more mortgage agreements.
  • She attested to a property in Michigan being her primary residence for the next year, and two weeks later, attested to a property in Georgia being her primary residence for the same year.
  • Her conduct is considered deceitful and potentially criminal in a financial matter.
  • Her actions exhibit gross negligence in financial transactions, raising questions about her competence and trustworthiness as a financial regulator.
  • The American people must have full confidence in the honesty of those overseeing the Federal Reserve.
Potential Market Impact (S&P 500):5/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:6/10