The Federal Reserve is reported to be historically apolitical, meaning all considerations are absent of politics. However, no individual Federal Reserve Chairman has been more overtly political than Jerome Powell.
Today, after announcing yet again the Fed will not lower interest rates, Chairman Jerome Powell announced he will not leave the board of the federal reserve even after his term has expired and he is replaced by recently advanced Kevin Warsh. Powell said he plans to maintain a “low profile” as a governor, but it will be the first time since 1948 that a Federal Reserve Chairman has stayed on the board at the end of their chairmanship.
The Inspector General is currently reviewing the massive cost overrun for a new multi-billion-dollar Federal Reserve building that has been the heart of controversy since the initial $1 billion overrun was announced. “I’ve said that I will not leave the board until this investigation is well and truly over with transparency and finality, and I stand by that,” Powell said.
If there isn’t kickback, payola, general swamp corruption, and other low hanging fruit here begging to be revealed…
END THE FED!
Powell’s last great act of defiance.
Sure, stick around Mr. Powell, so you can explain how the new HELOC’s were fine and dandy and for those people with variable rate loans that are kicking in, you could actually help “reimagine” the debacle that occurred under Ben Bernanke’s watch. Keep those rates up, Buddy, you’re doing great!
So, WHO scoops up those vast swathes of properties foreclosed upon?
I am wondering too, if they are still bundling sketchy home loans into tranches to be sold as bonds, top-rated by Standard and Poor.
Have somebody grab them by the scruff of the neck with a hand looped around his belt of his trousers and throw them out. And then shake the dust off your hands.
Nobody wants him! 😂
“Jerome “Too Late” Powell wants to stay at the Fed because he can’t get a job anywhere else — Nobody wants him.
President DONALD J. TRUMP”
https://truthsocial.com/@realDonaldTrump/116490221112397902
President Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913, following its rapid passage by a Democratic-controlled Congress eager to leave for Christmas break. The bill was rushed to avoid intense public and banking opposition. A disaster which was dubbed “A Christmas present to Big Banks and corrupt politicians”.
Trump needs to find a way to 86 him