After we have seen Obama use the IRS and the FBI and DOJ to go after his political opponents with impunity, does the DNC also own the Fed?
With an improving economy the Fed says it's time to raise rates, which then causes more down turn in the economy. Will the Swamp make sure that the economy is in shambles come election time in 2020?
Is it all rigged?
From November 2017:
On Thursday, Donald Trump
announced that he will nominate Jerome Powell to be the next chair of the Federal Reserve board, an appointment that Trump has been building suspense around for weeks. “We need strong, sound and steady leadership at the United States Federal Reserve,” the president said during a press conference on Thursday. “There are few more important positions than this.” If Powell is confirmed by the Senate, he will take office after the term of Janet Yellen, the current chair, expires in February.
[b[Powell, a Republican[/b], is a compromise pick who will likely gain the approval of both Democrats and Republicans in the Senate. (While Republicans outnumber Democrats in the Senate, bipartisan support will likely stave off attempts at stalling Powell’s confirmation.) Democrats would have liked to see Trump renew Yellen’s term, but will likely still vote to confirm Powell, who in his five years serving on the Federal Reserve board has supported many of Yellen’s decisions about interest-rate hikes and has never cast a dissenting vote on monetary policy at a Federal Open Market Committee meeting during her tenure. It is some comfort to Democrats that Powell will likely stay the course when it comes to monetary policy, concentrating on slowly raising rates and pulling back on the quantitative easing put in place during the Obama administration. And as Democrats well know, Powell takes a more moderate approach to monetary policy than some of the other candidates Trump was reportedly considering, such as Kevin Warsh, who is known as an inflation hawk, and John Taylor, who has recommended that interest rates should be raised threefold.
He's a Republican, Trump nominee.