Group 1 - President Trump's nomination of Steven Myron to the Federal Reserve has passed a Senate committee vote, moving towards a Senate-wide confirmation vote [1] - Lisa Cook remains at the Federal Reserve for now, despite being fired by President Trump, due to a judge's temporary block related to mortgage fraud allegations [2][10] - The labor market data is deemed unreliable, prompting Trump's team to call for significant interest rate cuts from the Federal Reserve [3][21] Group 2 - The Federal Reserve's policies have historically favored big businesses and wealthy individuals, raising concerns about their accountability to the general public [5][9] - There is a call for the Federal Reserve to refocus its goals to better serve Main Street rather than just Wall Street [9][16] - The judge's ruling suggests that Cook's reinstatement is necessary to maintain the Federal Reserve's independence and credibility [10][11] Group 3 - The discussion highlights the need for the Federal Reserve to reduce its influence and return to its core functions, as it has strayed from its intended role since the 2008 financial crisis [21][24] - The potential for future bailouts is acknowledged, with concerns about moral hazard and the implications of continued Federal Reserve interventions [19][28] - The Fed's dual mandate of employment and stable prices is questioned, with suggestions that it has expanded its powers beyond its original scope [26][27]

RT Joe Consorti ⚡️ (@JoeConsorti)Mortgage-backed securities and the moral hazard they introduced sent the U.S. economy into a downward spiral in 2007.Bitcoin-backed securities are doing the opposite. ...

Mortgage-backed securities and the moral hazard they introduced sent the U.S. economy into a downward spiral in 2007.Bitcoin-backed securities are doing the opposite. ...