The Federal government is out of control, giving away as much of America’s wealth as it can, which is a significant contrast from President Donald J. Trump, who prioritized Americans over foreigners.
The Biden administration and its friends are plundering the American tax base and weakening the nation at every turn. One of the people responsible for this is the man who is currently serving as “Federal Chair” and who appears to gloat openly about his ability to promote a social justice agenda over ensuring the prosperity of the American people.
Investopedia describes the role of the Federal Chair as follows: “The chair of the Federal Reserve Board is the active and most visible executive officer of the Federal Reserve Board. The chair provides leadership and executes the mandate of the central bank, pushing for maximum employment, stable prices, and long-term interest rates in the moderate range.”
Therefore, the Fed’s current actions constitute a massive violation of the commitment made to the American republic. Check out the recent remarks made by the Federal Chair.
He stated, ‘I don’t want to hear any more of these lies about reckless spending,’ Fed Chair Jerome Powell added, “We are changing people’s lives.”
More on this story via The Republic Brief:
Powell, a Republican, was initially appointed to the Federal Reserve board by then-President Obama in 2012 and elevated to chairman by then-President Trump. Powell was confirmed to his first term heading the central bank by a 84-13 Senate vote, NPR reported, admitting that Trump and Powell never really saw eye to eye.
Which begs the question- Which people is Powell helping now? Elite politicians? Leftists Nonprofits? Foreigners? NonGovernment Organizations? The Swamp? Illegal invaders?
One poster on Twitter, media owner David Sirota, explained the Fed’s recent moves as:
“NEWS: As workers are getting crushed, Biden’s Fed Chair Jerome Powell just said his goal is to “get wages down. Powell is a former private equity mogul.”
Sirota was retweeting an article by Julie Rock titled, “To Fight Inflation, The Fed Declares War On Workers, By leaving the problem of inflation to the central bank, Democrats are accepting an attack on labor power.” Read more…