joe white

@colbyLsmith @nytimes this is widely misunderstood chair term ends on fixed date governor term runs to 2028 institutional independence and not politics is the point fomc sets policy as a governor, powell remains part of that process history will remember powell favorably for protecting the fed

Wednesday's Fed meeting encapsulated the acute challenges that Warsh will inherit once he is confirmed as chair. Sharp divisions have emerged inside the central bank about the path forward for policy, Powell is staying on as a governor and Trump is not letting up on his demands for lower rates nytimes.com/2026/04/29/bus… @nytimes

REPORTER: You mentioned that, staying on as Fed governor, you intend to keep a low profile. Could you give us a little more detail on what that looks like? JEROME POWELL: *ducks down*

Fed Chair Powell after telling Trump: - Fed not lowering interest rates - Trump’s policies are why inflation is persistent - Staying on Fed Board after term is up on 05/15

@Acyn chair term ends governor term runs to 2028 institutional independence and not politics is the point fomc sets policy history will remember powell favorably for protecting the fed

Fed. Chair Jerome Powell: I have said I will not leave the board until this investigation is well and truly over with transparency and finality and I stand by that. I'm encouraged by recent developments and I am watching the remaining steps in this process carefully. My decisions on these matters will continue to be guided entirely by what I believe is in the best interest of the institution and the people we serve. After my term as chair ends on may 15, I will continue to serve as governor for a period of time to be determined.

@YourAnonCentral the question isnt the plan its whether institutions resist it rules can change enforcement determines the outcome legal power doesnt guarantee lawful behavior the system doesnt fail at once its tested piece by piece do institutions push back or normalize the shift?

The Supreme Court ruling today is also part of the GOP plan to rig future elections and it’ll be the basis to remove judges and other officials under the pretext that they were hired / appointed due to their race or sex. The point is to disrupt, distract, and dismantle.

Absolute panic in the White House. Former Deputy National Security Advisor Ben Rhodes confirms Donald Trump's polling has collapsed to a catastrophic 33 percent. He reveals the President has completely lost the plot and his grip on the Republican Party is rapidly disintegrating.

@pierredelecto91 @AP speculation not fact fed policy is about inflation and jobs not midterms chair term ends powell stays on the board through 2028 institutional independence is the point fomc sets policy

@AP Powell intent on destroying the economy further AND hurting Trump in midterms. approve Warsh and get Powell out!

BREAKING: Jerome Powell says he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time.” apnews.com/article/powell…

@RpsAgainstTrump "crackpots and fools"

Trump’s FCC chair, Brendan Carr, says he plans to punish and potentially revoke broadcast licenses for TV networks critical of the Trump administration: “I’d be surprised if we don’t go down the path of license revocation for some. It will be up to them and their conduct.” This is fascism. This is what they do in authoritarian countries. This is cancel culture on steroids. Where’s the outrage?

@shanaka86 speculative narrative layering/misleading trump did not "win" fed chair term ends but powell remains a governor through 2028 institutional continuity not capture matters more than headlines history will reward powell for rising above partisanship to protect the fed

JUST IN: 13-11 party-line. Warsh advances. The consensus formed inside an hour. Trump won the Fed. Powell is finished. Cuts are coming. Then Powell spoke from the FOMC podium. He is not retiring on May 15. He will remain on the Board of Governors for a period of time to be determined, citing the things that have happened in the last three months as the reason he had no choice but to stay. His statutory term as Governor runs to January 31, 2028. He said the decision was about protecting the Fed. This is the first time since Marriner Eccles in 1948 that an outgoing Chair has remained on the Board. Eccles stayed three years. From that exact Board seat, around February 1, 1951, he released the Federal Reserve’s account of a Truman White House meeting to the New York Times and the Washington Post, breaking open the political pressure campaign on the central bank. The leak forced the public negotiation that produced the Treasury-Fed Accord on March 4, 1951. The founding document of seventy-five years of central bank independence was authored by an outgoing Chair using a Board seat to defend the institution against direct presidential pressure. Powell knows that history. He chose the same seat. The FOMC vote on the same afternoon told the rest of the story. 8-4 split on the rate hold at 3.50 to 3.75. Most divided FOMC vote since October 6, 1992. Governor Miran dissented for an immediate 25 basis point cut. Three regional Fed presidents, Hammack, Kashkari, Logan, dissented on the statement’s easing-bias language, pulling the other direction. Four dissenters across two opposite poles on a single vote. This is not a captured Fed. This is a fractured one. Warsh inherits a committee already split four ways. His predecessor will sit at the table as a voting Governor with explicit institutional-defense intent and a personal record of dissenting on QE2 and resigning over policy disagreement. Fetterman is the only Democrat publicly committing to a yes vote on the floor. The full Senate confirms the week of May 11. Warsh chairs his first FOMC June 16-17. Now the part the consensus missed entirely. CME FedWatch repriced after the announcement. Roughly 85 percent probability of no change through December 2026. The market did not price the easing the consensus narrative claimed was coming. The market read what the FOMC printed, watched Powell choose the Eccles seat, and de-priced the Trump cuts in real time. The asymmetric inflation ratchet thesis just got tested at the source. Powell as Governor through 2028 plus a four-way fractured FOMC plus a market that has already withdrawn its bid for aggressive cuts is the inverse of the setup the consensus posted before Powell spoke. The handoff is not the regime change. The 8-4 split is. June 17 is the test. If Powell dissents from the chair Warsh casts the rate vote, the Accord defends itself a second time and the asymmetric ratchet stalls in the open. If Powell holds his low profile and the cuts come anyway, the market that just de-priced them will reprice them violently. Either path produces the trade. Neither path produces the consensus. Fifty days. open.substack.com/pub/shanakaans…

The media took the White House Comey bait like they always do. They're covering a non-story instead of THE STORIES that matter. This is how Trump wins every time. He manipulates the news cycle IMO better than anyone in history.

@cspan drumpf picked a fight powell anticipated it and made it irrelevant thats how you protect institutions

Fed Chair Powell denies staying on Fed Board due to political reasons.

@cspan drumpf picked a fight powell anticipated it and made it irrelevant thats how you protect institutions

Fed Chair Powell: "I welcomed the announcement last Friday by the U.S Attorney for the District of Columbia that she had closed the criminal investigation...I've said that I will not leave the board until this investigation is well and truly over with transparency and finality and I stand by that. I'm encouraged by recent developments..." Full video here: c-span.org/event/news-con…

@greggnunziata @TheAtlantic governing by decree concentrates power orders arent laws legislation is the point process matters

As I wrote in @TheAtlantic this week: "The second Trump administration has revealed American Caesarism in nearly full bloom. Despite ambitions to fundamentally change the course of the country, this administration has no real legislative agenda. Instead, the president governs by executive orders, emergency decrees, and extortionate transactions, using his power to reward his friends and punish his enemies."

Don Bacon on Trump-branded passports: ‘It’s not really America to do this’ thehill.com/homenews/admin…

@donwinslow @SecWar "crackpots and fools"

.@SecWar Pete Hegseth is a clown and that was abundantly clear from his Congressional testimony today. Trump will fire him but he's taking too long to do it. And we are paying the price.

@highbrow_nobrow @atrupar

President Donald Trump: "Ukraine, militarily, they're defeated. You wouldn't know that by reading the fake news." @atrupar (2026)

Did I dream it or did a bunch of Republican Senators and Representatives hold a press conference and go on TV screaming that the best way to protect the President was to build a $400 million ballroom? That wasn’t real was it? Seems insane even for this clown car Congress.

@atrupar @AntiToxicPeople

Trump to NASA Administrator Jared Isaacman: "You heard that question? With those beautiful ears of yours." (Check out how awkward Isaacman looks after Trump says this to him.)

What is the name of such interior style? 🤔