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Filtering by entity: the complacent Board | Clear Filter
Summary:The post asserts that Jerome Powell must immediately lower interest rates, attributing past economic damage to his delayed actions and criticizing his appointment. It claims the current economy's strength has overcome Powell's and the Federal Reserve Board's complacency. The post also states that a major lawsuit against Powell is being considered due to his alleged mismanagement and excessive spending on Federal Reserve building construction, citing a $3 billion cost for what should have been a $50 million project.
Sentiment:Accusatory and Directive
Key Claims:
- Jerome Powell is “Too Late” and must immediately lower interest rates.
- Steve Mnuchin was responsible for pushing Jerome Powell for his position, who is now considered a “loser”.
- Jerome Powell’s delayed actions have caused “incalculable” economic damage.
- The economy is so strong it has “blown through” Powell and the Federal Reserve Board’s complacency.
- A major lawsuit against Jerome Powell is being considered.
- The lawsuit is based on Powell’s “horrible, and grossly incompetent” job managing the construction of the Fed Buildings.
- The Federal Reserve building construction cost $3 billion but should have only cost $50 million.
Potential Market Impact (S&P 500):7/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:7/10
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