The big story for awhile now is the struggle Donny is having with the Fed….

There has been a major back and forth between Donny and the chairman of the Fed on interests rates.

The Fed is keeping rates where they are (for now) and Donny the Orange wants the rates to go lower (basically because of his tariffs)….and since the rates will remain Donny has been threatening to fire (get rid of the chairmen basically because he will not do what he is told).

So if SCOTUS has stated that he cannot be fired….

The Supreme Court on Thursday said the relationship between the president and the Federal Reserve is different from that of other independent agencies, signaling that Chair Jerome Powell is legally protected from being removed by President Donald Trump.

“The Federal Reserve is a uniquely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks of the United States,” they added.

Will that put an end to his persecution of the Fed?

But Donny is like a dog with a bone….he will send his minions out to look in every nook and cranny and find something he can use against the chairman….and he may have found something he can use….

President Trump is not a fan of Federal Reserve Chair Jerome Powell, but the president insists that he won’t fire him before his term ends next spring. However, a new White House investigation is fueling speculation that he may reconsider, reports Politico. The probe centers on the $2.5 billion renovation of the Fed’s headquarters in DC and suggests the administration is seeking grounds—beyond monetary policy disputes—to remove Powell for alleged mismanagement, per the Wall Street Journal.

The White House has repeatedly criticized Powell for not cutting interest rates, but this latest move pivots to focus on administrative issues, specifically cost overruns on the project and whether Powell misled Congress about it. White House Budget Director Russ Vought says those cost overruns are “horrifying” and are under investigation. Some analysts, including Karen Petrou of Federal Financial Analytics, view the investigation as an attempt to build a case for firing Powell “for cause,” sidestepping legal protections for the Fed’s independence.

The renovation reportedly grew more expensive due to design changes, asbestos removal, and inflation—the same inflation Powell cites for keeping rates higher. Critics note that cost overruns are typical for renovations of historic buildings and argue that tying Powell’s fate to the project’s expenses could be seen as a pretext for installing a more compliant Fed chairman.

Fascinating!

He will use this as a weapon but condemns those that use the extravagant birthday parade because of the costs….just one example.

How will this sage end?

Will Powell get the ax?

If he does who will Donny put in charge….maybe that idiot Laffer….you know him as the mastermind behind the GOP’s greatest scam….the ‘trickle Down Theory”.

The most incompetent people are in charge throughout the government and Laffer would be perfect fit for the Trump kakistocracy…

I Read, I Write, You Know

“lego ergo scribo”