When Will Jerome Powell Leave the Fed?

Summary

Jim Bianco discusses Jerome Powell's decision to remain at the Fed, interpreting it as a disruptive move to resist changes. The conversation covers Fed independence, potential court rulings on Fed governor firings, and Powell's distrust of the Justice Department.

• Powell intends to stay at the Fed as a Board member, resisting institutional change.
• Bianco views Powell's stay as a disruption to prevent evolution of the Fed.
• Discussion of Fed independence and the 8-4 vote with dissents.
• Potential court decision on firing Lisa Cook could open more Fed seats.
• Powell cited distrust of the Justice Department as a reason to stay.
• Comparison of Powell's situation to Mariner Eccles staying post-WWII.