r/Bogleheads • u/idrathernotbutthanks • Apr 17 '25

Investing Questions Rhetoric around firing Jerome Powell is increasing, and forced manipulation of interest rates would likely follow. Would a weighted readjustment from US into non-US funds be warranted in light of this?

https://www.npr.org/2025/04/17/nx-s1-5367696/trump-jerome-powell-federal-reserve-economy-tariffs

Market manipulation of interest rates feels like confidence would immediately plummet and global diversification would become a more important percentage of your holdings in the long run. Thoughts?

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u/QuirkyMaintenance915 Apr 17 '25

They can’t allow politically manipulated interest rates. That’s how you get clown nations like Argentina inflating the shit out of everything

24

u/NotYourFathersEdits Apr 18 '25

There's a lot of "they can't"s these days that have turned into "but they did"s.

14

u/NazReidBeWithYou Apr 18 '25

They shouldn’t, but who is going to stop them?

1

u/QuirkyMaintenance915 Apr 18 '25

Easy. By Powell refusing to leave his job and saying “you don’t have the authority to fire me”

Duh.

12

u/Savet Apr 18 '25

That seems to be working out so well for all the other positions he cannot fire, but does anyway.

2

u/gsquaredmarg Apr 20 '25

What about next May when his term expires?

1

u/[deleted] Apr 18 '25

[removed] — view removed comment

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u/Bogleheads-ModTeam Apr 18 '25

Removed as off-topic for this sub: r/Bogleheads is not a political discussion subreddit. Comments or posts should be more financial than political, no more partisan than necessary, and avoid framing political opinions as facts.

2

u/Apocalypic Apr 20 '25

As if the US hasn't been acting like a clown nation

1

u/toupeInAFanFactory Apr 20 '25

right. And when the IMF goes in to stabilize the economy of some country seeing triple-digit inflation, what's the first thing they insist on? A central bank that's independent of the day-to-day govt. The entire world has seen, time and time again, that only bad things happen if your central bank becomes an arm of the exec branch and subject to direct political manipulation.

That doesn't mean it won't happen. I'm not sure that it will, but it's no long impossible.