Posted on 07/17/2025 11:04:28 AM PDT by SeekAndFind
There are several reasons why Jerome Powell should be fired or forced to resign:
Powell pretends he cares about budget deficits and inflation, but the cost for the Federal Reserve building renovations surged $700 million past the initial budget, or almost 40%:
The Federal Reserve has defended itself from White House criticism that ongoing, costly renovations at the central bank’s headquarters in Washington are the result of mismanagement.
Last week, Russel Vought, the director of the White House’s Office of Management and Budget, said the Fed was turning its headquarters into a ‘palace.’ The cost of the renovation has risen to $2.5 billion, which is $700 million above its initial estimate.
Anyone in the private sector who would miss a budget by 40% would be canned. Why shouldn’t government employees be held to the same standards? Why would you trust someone with such bad judgement to set interest rates for the entire economy? The reason the country is $36 trillion in debt is there has never been any incentive for government entities to control costs.
It appears that Powell lied to Congress when he denied that the improvements to the building were lavish. From a report at the New York Post:
Fed Chair Jerome Powell accused of lying to Congress over $2.5B ‘Palace of Versailles’ HQ revamp
Why should he be trusted? Shouldn’t people who lie to Congress be canned?
The Federal Reserve is losing money, so they have to print money to pay for those losses:
Federal Reserve Posted Loss of $77.6 Billion in 2024
Interest expenses outpaced interest income for the second straight year[.]
(Excerpt) Read more at americanthinker.com ...
he’ll cut fed funds .25 in two weeks and keep his job.
President Trump backed off of canning this little weasel yesterday.
We’re gonna be seeing that sourpuss for 8 more months.
Reason #1: Massive douchebag.
Sick of all these douchebags in government. Whole place is a douchefactory.
He hates Trump and wants the GOP to lose the midterms due to economic downturn and get impeached by the House and stuck in mud as to his programs.
While increasing surges of young voters demands Socialism or Communism all over the country.
That must be stopped.
.
The Federal Reserve is not a government agency. It’s a semi-private institution where the board and chairman are voted in by member banks. A president can’t fire anyone in the Fed.
How can the President fire an employee of what is essentially a “private corporation”.
Yes, Chairmen Powell must go but so should the entire Federal Reserve. It’s an institution to make money without risk for the world’s wealthiest class who started it and still own it today. Think of how many trillions of dollars they have made off the interest they receive from America’s debt.
This is the 9ne thing I agree with Massie on. A Dollar was worth a Dollar in 1913. Now it is worth 4 cents.😡😡. Andrew Jackson’s revenge is needed.
What they’re pushing now is a central bank digital currency. With that you get the social credit system and if you’re not a good boy you don’t get to access your money.
Then why do we fund it? Sorry, it’s a government agency.
I know, the US government. Of course they've been losing big bucks the last few years, so there must be some risk.
Think of how many trillions of dollars they have made off the interest they receive from America’s debt.
Trillions? Wow! What do they do with all those profits?
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