August 31, 2019
A Facebook friend had an interesting post that dovetails with my criticisms of Fed Chair Jerome Powell.
My friend said:
I believe Congress should remedy this. It may take a constitutional amendment, place the Fed’s mission with the Department of the Treasury. Does the President have the power to fire the fed chief? I wasn’t sure, however, I found this: "The Federal Reserve Act doesn’t explicitly give the U.S. president power to fire the Fed board members. But section 10 has a mysterious little phrase indicating it’s at least possible.â€
"…thereafter each member shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President.â€
Personally, I’d fire the SOB.
Powell’s Never-Ending War on the Trump Economy Gives China the Upper Hand
Ieft the following comment:
Powell was a terrible pick by Trump; he was Janet Yellen's protege'. He can RAISE interest rates before the election to trigger an economic downturn if he pleases, thus imperiling Trump's re-election. The Federal Reserve, it should be pointed out, caused the Great Depression by contracting the money supply by a whoping twenty five percent; it guaranteed a terrible depression. Of course, the GOP Congress didn't help by insisting on raising taxes to "pay for" the new spending programs that their own guy, Herbert Hoover, put in place. (Hoover was so economically liberal FDR actually ran to the right of him as an economic conservative. Calvin Coolige called Hoover "the Wonder Boy" because Hoover claimed to be able to fix everything.)
From the Breitbart article:
Powell raisedthe U.S’s benchmark interest rate target four times last year at a time when China continually looked for ways to lower its own. By giving the yuan a much weaker standing in the exchange market, the Fed chairman provided the Chinese every incentive to flood the U.S. with cheap goods and U.S. businesses every reason to accept them. As a result of Powell’s actions, the U.S.-China trade deficit increased by nearly one million from January to December despite the White House’s implementation of hefty tariffs during that period.
Even after backing down somewhat from his aggressive hikes, Powell still found a way to help rig the economic data in the Democrats’ favor. Shortly after cutting rates for the first time in July, Powell said that the reduction was merely a "midcycle adjustment.†This announcement sent the stock market in a tailspin as consumers and investors began to anticipate higher than expected U.S. rates in the months to come. The media began to talk up a recession, all while playing up economy-centered polling that was unfavorable to the president.
All these decisions by Powell represent Democrat-First, not America-First, thinking. Then again, the Democrat-First mantra appears to be exactly what the Fed chairman is going for.
Powell has advanced the causes of the left directly as much as he has done so subtly. He’s even abandoned his supposed deregulatory instincts to help leading Democrat presidential candidates receive electoral victories.
For example, just weeks after Elizabeth Warren experienced a surge in national polling, Powell’s Fed announcedplans to create a system to process instantaneous bank transfers, known as real-time payments (RTP). The timing of this Fed announcement was quite curious for a multitude of reasons, as this issue was one that Warren took up with legislation less than two weeks earlier.
Posted by: Timothy Birdnow at
06:36 AM
| Comments (19)
| Add Comment
Post contains 573 words, total size 5 kb.
Posted by: abhishek at February 23, 2021 01:30 AM (LxS4h)
Posted by: pg slot ทุนน้à¸à¸¢à¸à¹‡à¸£à¸§à¸¢à¹„ด้ at July 05, 2022 01:28 PM (CGHep)
Posted by: Mike Rooney at January 03, 2023 12:34 AM (Fx3Gd)
http mywifiext net login
Posted by: http mywifiext net login at May 09, 2023 09:58 PM (1o4pk)
We provide comprehensive assistance for setting up and optimizing your Linksys Extender WiFi. Our team of experts will guide you through the installation process, help troubleshoot any connectivity issues, and ensure that you get the most out of your extender. Whether you need assistance with initial setup, configuring advanced settings, or resolving any technical difficulties, we are here to help. Our goal is to ensure that your Linksys Extender WiFi works seamlessly, providing you with a reliable and extended wireless network coverage.
Posted by: Setup Linksys WIFI Extender at May 25, 2023 04:00 AM (1o4pk)
Posted by: RE7000 Manual at May 25, 2023 11:14 PM (Le7f/)
Posted by: setting up linksys re6500 at May 29, 2023 12:13 AM (3/t6/)
Netgear WiFi extender setup refers to the process of configuring and installing a Netgear WiFi extender device to enhance the range and coverage of an existing wireless network. A WiFi extender, also known as a WiFi booster or repeater, is a device that amplifies the WiFi signal from a router and extends its reach to areas with weak or no signal. For more information visit our site netgearsetup
Posted by: netgearsetup at July 03, 2023 02:34 AM (Gj66p)
Posted by: wavlink.com login at July 27, 2023 12:00 AM (YGbu/)
Posted by: mywifiext net login at August 05, 2023 12:05 AM (JuRyu)
if you are thinking of buying the netgear extender then you are choosing the right one. If you need any setup or login related help with netgear extender then you can visit our website. You can also talk to our support team if you have further queries or need help with execution of the processes. netgear wifi extender log in
Posted by: netgear wifi extender log in at November 19, 2023 11:15 PM (ji2jZ)
For a hassle-free Canon printer setup, visit htpps ij start canon. This user-friendly platform offers simple instructions to ensure a seamless installation process. Enhance your printing experience by accessing the resources available at https://ij.start.canon.
Posted by: htpps ij start canon at December 22, 2023 03:19 AM (qoUMW)
The Orbi Router Login provides easy access to manage your home network's settings, ensuring a seamless internet experience. For detailed guidance and additional support, you can visit our site for more information.
Posted by: Orbi Router Login at February 26, 2024 12:21 AM (TIWsz)
Experiencing issues with your LaView camera not connecting to WiFi can be frustrating. Ensure you're following the correct setup steps. For detailed troubleshooting, visit our site for more information on LaView camera not connecting to WiFi.
Posted by: LaView camera not connecting to WiFi at February 26, 2024 01:45 AM (TIWsz)
Posted by: router login net at February 26, 2024 03:15 AM (TIWsz)
Tplinkrepeater.net is the default login address for TP-Link extenders, enabling users to access and manage their extender settings for improved Wi-Fi coverage. For detailed setup instructions and troubleshooting tips, you can visit our site at Tplinkrepeater.net login for more information.
Posted by: Tplinkrepeater.net login at February 26, 2024 05:31 AM (TIWsz)
Posted by: netgear nighthawk router login at February 28, 2024 06:20 AM (US29f)
Posted by: mywifiext.net at February 28, 2024 11:34 PM (US29f)
Posted by: emporia reckless driving at April 17, 2024 12:18 AM (3A3Wl)
37 queries taking 0.3926 seconds, 178 records returned.
Powered by Minx 1.1.6c-pink.
