Recession concerns overtake inflation concernsSubmitted by Infamous_Sympathy_91 t3_10p7ljx in wallstreetbets
Ok_Edge_1486 t1_j6itvxt wrote
Reply to comment by Remarkable_World_351 in Recession concerns overtake inflation concerns by Infamous_Sympathy_91
You're forgetting the fact that the president has the complete right to hire and fire Federal Reserve Chairmen. In a way, the will of the President is executed through the chairmen. Of course I don't think Biden cares at all about the stock market and is more concerned with increasing wage gains and increasing jobs.
Hacking_the_Gibson t1_j6krxdf wrote
The Fed chair serves at the pleasure of the Senate, not the POTUS.
That’s why Donnie going on Twitter complaining that Powell was raising rates in 2018 was so unprecedented.
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