Powell Will Be Removed as Fed Chair When A New Administration Takes Office
Both Jerome Powell and Joe Biden will be out of office on the heels of November’s election. Open borders aside, CPI has been on the upswing since June 2020.
Translated, this means that everyday prices have increased for 3.5 years. Trump initiated inflation with his COVID response (CARES Act) and Biden doubled down on Trump’s wrong-headed, debt-funded fiscal policies. Biden will take the fall for price inflation as will Jerome Powell. Powell’s Federal Reserve subsidized debt-funded fiscal policy. That’s Powell’s sin. Over the past 4 years the United States needed Dr. No as Fed Chair. Instead, it got Dr. Yes.