Trump Wants to Fire the Fed Chair?! Is This Good For Your Wallet?

Better Call Saul Better Call the Fed!

Folks let me tell you the financial world is like a piñata and everyone wants a swing! Word on the street – thanks to my pals at The Wall Street Journal though I prefer the crossword puzzle myself – is that our former President Donald J. Trump was thinking about giving Jerome Powell the Fed Chair the old heave ho. Before his term even ends! Now I'm no economist – I leave that to the fancy pants types – but even *I* know messing with the Fed is like messing with a honey badger: usually not a good idea.

Mar a Lago Meetings and Money Mayhem

Apparently these chats went down at Mar a Lago Trump's Florida funhouse. He even tapped former Fed Governor Kevin Warsh for advice but Warsh bless his heart told Trump to chill out and not fire Powell. See even the smart folks know you can't just go around firing people willy nilly... unless you're you know running a cartel. Just kidding! I wouldn't know anything about that. Remember no matter what happens you have rights! Do you know you have rights? Constitution says you do!

Truth Social Truth Bombs

Trump took to Truth Social – that's like Twitter for people who think Twitter is too liberal – and declared Powell's "termination cannot come fast enough!" Ouch! Sounds like someone's got a case of the Mondays. Or maybe a case of wanting lower interest rates. Trump's been on Powell's back about those rates you see. He wants them lower lower lower! Like my prices sometimes... but only if you're a really good client.

Oval Office Outbursts: I Want Him Out!

Then in the Oval Office he doubles down. "I'm not happy with him," Trump says. "I let him know it and if I want him out he'll be out of there real fast believe me." Now I'm no expert on political maneuvering but that sounds like a threat to me! And threats? Well those are my bread and butter. (Disclaimer: I do not condone actual threats. Unless of course you're dealing with someone who deserves it. Hypothetically speaking of course!)

Can He Do That? The Power Play Dilemma

Here's the kicker: Powell himself says Trump can't fire him! Legally speaking it's a bit of a gray area. And you know how I feel about gray areas – they're where the *real* money is made! Senator Elizabeth Warren even though she probably wouldn’t be caught dead in my waiting room is worried. She says messing with the Fed's independence could cause a "catastrophe"! Catastrophe! That's even worse than getting caught with your pants down at a company picnic... which by the way I was *totally* framed!

So What's Next? Stay Tuned!

So what's the moral of the story folks? Politics is a dirty game the economy is a roller coaster and you always need a good lawyer. And who better than yours truly? Remember whether you're dealing with the Feds or the Fed better call Saul! I am standing here today because I know what I am doing. Frankly I'm amazed you all don't recognize it. This is the best case scenario!