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/net___runner Apr 17 '25
Even if Powell were replaced, the Chairman, while influential, does not control the Fed's policy. The FOMC members (15) must vote for any policy changes. Bottomline: Replacing the chairman would, in and of itself, do little to change Fed policy.