Economic council head says Trump’s ability to fire Fed’s Powell is ‘being looked into’
17 Jul
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Economic council head says Trump’s ability to fire Fed’s Powell is ‘being looked into’

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National Economic Council Director Kevin Hassett said Sunday that the president’s authority to fire Federal Reserve Chair Jerome Powell was “being looked into.”Asked in an interview on ABC News’ “This Week” whether he believes President Donald Trump has the authority to fire Powell, whom the president has repeatedly bashed over interest rates, Hassett said, “That’s a thing that’s being looked into.”“But certainly if there’s cause, he does,” Hassett added.Hassett’s comments come days after Office of Management and Budget Director Russell Vought criticized renovations of the Federal Reserve headquarters, saying in a letter to Powell that Trump was “extremely troubled by your mismanagement of the Federal Reserve System.”Vought sent Powell nearly a dozen questions about the renovations, asking for details about whether the project deviated from plans approved by the National Capital Planning Commission, which oversees...
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Economic Crisis: Why Tinubu’s policies will not work — Ned Nwoko
01 Nov
Politics

Economic Crisis: Why Tinubu’s policies will not work — Ned Nwoko

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Politics tamfitronics Senator Ned Manrepresenting Delta North, has argued that Nigeria’s economic reforms will fail as long as multiple currencies are allowed in circulation, weakening the naira’s value. Speaking on Channels Television’s Politics TodayNwoko pointed out that the economy is in disarray, with the extensive use of foreign currencies undermining the naira. He stated that Nigeria is unique in permitting foreign currencies—like the dollar, pound, and euro—to circulate alongside the local currency, which, in turn, makes the naira nearly worthless in global demand. “Our economy as it is, is in tatters. It is in some kind of quagmire. It doesn’t matter how you look at it or policies you’re trying to introduce here and there, nothing will work,” the lawmaker said. Ned Man Drawing comparisons, Nwoko pointed out...
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De Beer: Economic terrorism, a new faceless war & the last Waltz in Tshwane
23 Sep
Politics

De Beer: Economic terrorism, a new faceless war & the last Waltz in Tshwane

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Politics tamfitronics In his latest “Sunday Show” with BizNews, United Independent Movement (UIM) President Neil de Beer names the Flop of the Week & the Hero of the Week; tells viewers why Angie Motshekga is not competent to be Minister of Defence; hails the extradition of Mike Lomas on graft charges; previews the looming vote for – or against – Tshwane Mayor Cilliers Brink; slams the huge tariff increases ESKOM wants to inflict on consumers; explains why the growing crisis of extortion is economic terrorism; and warns that the “Faceless War” now being waged in the Middle East – where exploding pagers and walkie talkies caused carnage in recent days – could also reach individuals in South Africa. “…what will happen if there are certain targeted individuals, they leave the Middle Eastern area to go...
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