Murdoch’s paper sends blunt warning
to Trump: ‘Don’t do it’
NJ.com [New Jersey],
by
Rachel Cohen
Original Article
Posted By: earlybird,
7/18/2025 11:54:06 AM
The Wall Street Journal’s editorial board sent a straightforward message to President Donald Trump on Wednesday.
In recent weeks, Trump has mulled over the idea of firing Federal Reserve Chair Jerome Powell, railing against the head of the central bank that he has continued to criticize for holding interest rates at a relatively high level. According to reports, Trump on Tuesday had asked a group of House Republicans whether he should act on his threat, going as far as to pen a letter for his ousting — despite Powell being appointed by the president during his first term, and his stint wrapping up next year.But on Wednesday, the president dismissed plans
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Reply 1 - Posted by:
Dodge Boy 7/18/2025 12:19:09 PM (No. 1979278)
Rupie, you and your board can take a hike and get lost. Got it? Besides, you are 94 and aren't long for this world, pal.
26 people like this.
Reply 2 - Posted by:
WhamDBambam 7/18/2025 12:24:16 PM (No. 1979280)
I'm not sure how much influence Murdoch’s paper has with this Administration.
22 people like this.
The argument against firing Powell has some merit, but I won't be heartbroken if Trump does so.
17 people like this.
Reply 4 - Posted by:
earlybird 7/18/2025 12:35:34 PM (No. 1979290)
Those who read the article will find that having mulled it over President Trump is unlikely to do it.
6 people like this.
Reply 5 - Posted by:
earlybird 7/18/2025 12:40:03 PM (No. 1979292)
Re #2, I would guess that PDJT would consider what they had to say and then make up his own mind as he seems to do with everything. He is known to process copious amounts of information before making big decisions.
10 people like this.
Reply 6 - Posted by:
voxpopuli 7/18/2025 12:42:05 PM (No. 1979294)
are they planning on dropping another FAKE epstein story?
sue them for another 100 BILLION if they do
23 people like this.
Reply 7 - Posted by:
stablemoney 7/18/2025 12:47:47 PM (No. 1979296)
I quit taking advice from the WSJ 30 years ago. I think when Murdoch took it over.
18 people like this.
Reply 8 - Posted by:
mc squared 7/18/2025 1:19:46 PM (No. 1979309)
Wall Street is no friend of President Trump. They'd much prefer to have him sit back and allow the Street and globalists run things.
15 people like this.
Reply 9 - Posted by:
Mofongo 7/18/2025 1:36:29 PM (No. 1979316)
That’s the kiss of death for Jerry.
6 people like this.
Reply 10 - Posted by:
dwa 7/18/2025 1:53:45 PM (No. 1979317)
The WSJ no longer has much credibility so no need to listen to them about anything. It long ago became a political entity, not a financial one.
17 people like this.
Reply 11 - Posted by:
DVC 7/18/2025 4:12:19 PM (No. 1979388)
Every other person who has attacked Trump has eventually lost and seriously regretted it. Even this rich Aussie puke will regret it.
9 people like this.
Reply 12 - Posted by:
JimBob 7/18/2025 4:54:58 PM (No. 1979413)
So let me see if I've got this straight:
-Powell is keeping interest rates high to make it more expensive to borrow money, which slows down economic activity -the demand for cars, houses, etc.- lower sales forces producers to cut prices to make sales at all, and so higher interest rates act to reduce inflation.
-But the Federal government is $3.7 x 10(exponent 13), (that is, $37,000,000,000,000, that is $37 TRILLION) in debt, the interest on that debt costs the Taxpayers more than the cost of the entire Military Services, so the Federal Government has to borrow MORE money just to pay that Interest, which puts MORE money into circulation, which INCREASES Inflation.
It seems to me that if the Fed were to Reduce interest rates, then the Interest Cost on 'New' Federal debt (as the Federal Government is constantly borrowing money by issuing new Savings Bonds to pay off old bonds which are coming due, this debt is constantly 'rolling over', in addition to the Deficit that the Federal government is running).... that reducing this Interest RATE will reduce the interest COST, which will help reduce the Federal Deficit, which should REDUCE INFLATION.
Do I have this right? ..... and IF I AM right, is Powell really trying to reduce Inflation, or is he actually just working to make things more difficult for President Trump to Reduce Spending and balance the Federal budget?
Any L-Dotters who are into Finance and understand what is going on, please chip in and comment!
8 people like this.
Reply 13 - Posted by:
5 handicap 7/19/2025 5:48:32 AM (No. 1979452)
FTA: " It added that Powell “probably would prefer” to cut rates this year, if data indicates, but he wants to maintain the Fed’s independence, and “can’t be seen acceding too readily to White House pressure.”
“Mr. Trump makes it harder for the Fed to do what he would like every time he pops off about Mr. Powell,” the board wrote. "
The paper clearly stating that Powell is more concerned with his own image rather than what is good for the country!
Fire the Biatsch!
10 people like this.
Reply 14 - Posted by:
mifla 7/19/2025 6:26:05 AM (No. 1979462)
Hey WSJ, are your subscription numbers still dropping every year?
Why is that?
7 people like this.
Reply 15 - Posted by:
anniebc 7/19/2025 7:30:21 AM (No. 1979486)
WSJ should have told themselves, "don't do it" before their foolish stunt with that stupid Epstein letter. The Federal Reserve has too much power!
3 people like this.
Reply 16 - Posted by:
Strike3 7/19/2025 7:49:27 AM (No. 1979491)
Powell lost his last ounce of credibility when he lowered interest rates to help Kamala's campaign and they both failed in their endeavors. Can his butt now.
4 people like this.
Reply 17 - Posted by:
MickTurn 7/19/2025 2:12:28 PM (No. 1979694)
It is beyond obvious the Fed makes money by screwing things up, PERIOD. PROVE I am WRONG!
0 people like this.
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