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.
LIFE in PRISON FOR POWELL for INSURRECTION and FRAUD
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.
Not meant to be argumentative but when rates are low it is not a good idea to take on a variable rate mortgage.
I just did a HELOC for some home improvement. Fixed rate wasn’t offered
Well sorry, no one forced that decision. Maybe it was a mistake. We’re all human and we all make them.
And maybe the home improvement will let you sell for a higher price if you need to sell.
Agree 100%!
I don’t think you are being argumentative – I agree with you that it is not a good idea to get into a variable rate mortgage and that should be totally avoidable – but I am saying if you are in a lower rate to start off but you have a variable rate loan then of course it will kick in to the higher rate whereas with a fixed-rate loan, that won’t happen, that’s the promise you won’t be blown into Kingdom Come.
It seems right now the interest rates are good but Jerome Powell seems to have a capricious nature.
The “Government” has been TOTALLY COMPLICIT in the student loan (sharking) debacle and now we are seeing the scope of abject unbridled fraud in just about EVERY FACET of the DC cesspool…USAID is a good poster child too……
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.
From the TOP floor
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”.
Wilson was one of the most evil people to occupy the Oval Office:
The Federal Reserve,
The Federal income tax,
World War One, leading to the League of Nations, which the US did not join, which morphed into the UN, which we did join,
ALL under his watch.
ALL of which led to the Globalist misery being perpetrated upon not only the people of the USA, but the peoples of the entire world.
AND – Wilson instituted the racial segregation across the US government, for which Truman gets the credit of terminating. Look it up. While there were certainly cultural issues of prejudice, the US armed forces for example, were not officially segregated before Wilson did it (q.v. Buffalo soldiers, etc.).
Trump needs to find a way to 86 him
The reality is that current rates are just on the high side of normal. We have been spoiled by super low interest rates for a long time now.
I suppose he has more pockets to fill.
Another dirty government employee refusing to let go. #GoHomeJerome
He can watch the final audit of the cost overrun from a prison cell.
I think Powell and the corrupt establishment will do anything to not have a non-establishment figure assume the Federal Reserve position. Because if this happens, the person will uncover trillions of dollars of fraud, with money going overseas, to terrorist organizations/regimes, and other fraud (to fund illegals). I believe their plan to is steal the midterms and then have Powell stay there or appoint an establishment figure.
I think the US Marshals should escort this crook out & take him straight to Leavenworth.
What is it about some of these people who are so arrogant that they think they own their job?
That’s what 35 years of “working” for the gov’t does.
“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.”
I ran that statement through my Political Swamp Hack to English translator. What it said is that the Fed Chairman will assure that all of his corrupt cronies are provided sufficient time to cover their respective butts from all their profiteering being exposed
Is that PSHET program (Political Swamp Hack to English translator) available as an app I can download?
He’ll take his ball and go home when he feels like it! So there! Nya nya nya!
Maybe Michael Corleone will get him to quit.
How does he plan to stay on afterwards. Does Powell own this job?
I believe he will step down as the head of the Fed, but will remain on its board of governors.
LOL – Trump appointed him in 2018 and a Republican controlled Senate confirmed him. This “political Fed chairman” is his baby.
Trump was a “freshman” and got A LOT of bad advice….not to mention numerous outright shivs in the back…..
“Et tu, RINO’s ….?”
Proof positive that the MF is a moron or a traitor.
Humm.. well companies have armed security’s escort former employees out of building all the time.. Shame to do that to a crotchety old man but he is what he is..
“Sec. Scott Bessent just WENT OFF on Fed Chair Jerome Powell for deciding STAY ON the Federal Reserve Board when his Chair term ends, violating norms”
Cont and video….
The “independent” Chair playing his prefered role as signpost:
A man who is used to showing others the way, but does not walk it himself!
“Institutionalist” Jay Powell has so far received a lot of applause from the left for presenting himself as the man who defends the norms. Allegedly. Now he is being celebrated by the same people because for hanging around after the party is over. The 50+ former intel officials would write: It sure has “all the classic earmarks of a Russian information operation” undermine Kevin Warsh and to annoy the hell out of President Trump.
Let’s do the smell test:
How did POTUS Johnson (“Martin, my boys are dying in Vietnam, and you won’t print the money I need?”) or Nixon (“Don’t make any policy decisions that could hurt us in the 11/72 election) influence the “independent” Fed? [1]
[1] Ways The President Can (And Can’t) Influence The Federal Reserve
It’s obvious to me that
1) The FRB answers to NO American authority. It’s a European bank and an arm of the Bank Of England located in The City Of London which is a State like the Vatican and DC.
2) Powel exists to frustrate the Trump agenda and thus influence voters to vote Demo this November sealing MAGA’s fate.
Get that CRIMINAL the F**k out of this organization!
He simply wants to up the ante when the indictment arrives. By remaining on the board, his arrest will play into the hands of a corrupt media.
Put the new chairman in place and then indict this stooge–they only stopped the investigation, they didn’t give him immunity.
“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.
Translation:
I need to be in the loop so I know when to hop on chartered jet for parts unknown.
Powell’s malfeasance was used to pay off Tillis, Murkowski, Collins and McConnell for their acquiescence. Prove me wrong.
HE MAY WELL BE A DEFALCATOR…..But HANLONS RAZOR seems the more likely diagnosis…..I mean if you COULD judge a book by its cover……. 🤔 ….then 🤷🏼
Powell wants to stay on at fed for the same reason Allen Dulles was on the Warren Commission.
Perp walk. Orange is the new tweed.
END THE FED!
AND THE 16 TH AMENDMENT THEY NEEDED TO FUND IT!
What a disgrace! He only wants to draw a paycheck for doing nothing and still receive the contractor kickbacks from his grievous cost overrun renovation project.
Powell didn’t have to worry about lower interest rates on a loan when he wasted $4 billion on the Fed remodel, but the American people do. From Politico October, 2017: Treasury Secretary Steven Mnuchin is strongly pushing for the White House to name Jerome Powell as the next chair of the Federal Reserve. Thanks, Steve.
And they accuse DJT of being a king …
If the Marxist Democrats fawned over Charles III and Camilla, they should love Powell!
I suppose that Powell wants to abandon the democratic process in order to save the democratic process.
End the British Empire’s bank by revoking the Fed’s license to operate. Then re-establish gold backed currency issued by US Treasury as it was meant to do.
That’s what Swalwell, Cuomo, etc., etc., said. When the Dems. are finished with him is when he will leave. If they think he is hurting their phony affordability nonsense he will be gone the following day.
Arrest him, simple….duh
There is an easy way to solve this problem. Shut down the Fed.
Sold out, owned…but who owns him?