The Fed says those elements were removed from initial 2021 plans submitted to the National Capital Planning Commission.
Now I’m interested in knowing a bit more about what the plans were before 2021. You know, when Trump was in charge the first time. Since so much of this complaint concerns discrepancies between what was originally planned, what got approval, and what Congress was told, it wouldn’t surprise me one bit if the Trump administration was planting a way to trap the Fed all along.
Trump didn’t like Powell, even though Trump appointed him. It makes sense that after years of Powell ignoring him, Trump would want to manufacture a way to fire him. And while Powell’s term as Fed chair ends in a few months, he is still a Fed governor and that term lasts longer. Conventionally, when a Fed chair reaches the end of his term he also resigns from the board entirely, but there is nothing conventional about all this.
I wouldn’t give them that much credit. Much like Comey and Letitia the administration is just throwing whatever they can find at them. The cases aren’t real or serious, they’re just weaponizing the justice department to threaten and harass people. Plus when you appointed enough judges, there is a chance you might get Trumped up charges to stick.
Except that the Fed spokesperson said the expensive features were removed from the plan in 2021. Which, coincidentally, is when the Biden administration moved in. If these expensive features were never in the plan, they would have said so. This implies that they were in the plan at some point, during the first Trump admjnistration, and I wonder if they encouraged it as a trap. It sounds like the type of thing they would do.
Now I’m interested in knowing a bit more about what the plans were before 2021. You know, when Trump was in charge the first time. Since so much of this complaint concerns discrepancies between what was originally planned, what got approval, and what Congress was told, it wouldn’t surprise me one bit if the Trump administration was planting a way to trap the Fed all along.
Trump didn’t like Powell, even though Trump appointed him. It makes sense that after years of Powell ignoring him, Trump would want to manufacture a way to fire him. And while Powell’s term as Fed chair ends in a few months, he is still a Fed governor and that term lasts longer. Conventionally, when a Fed chair reaches the end of his term he also resigns from the board entirely, but there is nothing conventional about all this.
I wouldn’t give them that much credit. Much like Comey and Letitia the administration is just throwing whatever they can find at them. The cases aren’t real or serious, they’re just weaponizing the justice department to threaten and harass people. Plus when you appointed enough judges, there is a chance you might get Trumped up charges to stick.
Except that the Fed spokesperson said the expensive features were removed from the plan in 2021. Which, coincidentally, is when the Biden administration moved in. If these expensive features were never in the plan, they would have said so. This implies that they were in the plan at some point, during the first Trump admjnistration, and I wonder if they encouraged it as a trap. It sounds like the type of thing they would do.