by Ethan Huff, Natural News:
Immediately after Donald Trump was reelected president, the private Federal Reserve reduced interest rates by another 25 basis points, or 0.25 percent. And now, longtime Fed Chairman Jerome Powell is resisting Trump, telling the world that he will not resign from his post even if Trump decides he has to go.
“The rate sets what banks charge each other for overnight lending but often influences consumer debt instruments such as mortgages, credit cards and auto loans,” reports explain.
TRUTH LIVES on at https://sgtreport.tv/
When asked point-blank by a reporter this week if he “would go” in the event that Trump asked him to “leave,” Powell responded with a simple no.
“Do you think that legally you’re not required to leave?” the reporter then asked Powell in a follow-up question.
“No,” Powell responded a second time, certain that the private Federal Reserve is above the law and even the president himself when it comes to steering the country as it sees fit.
The rate cut was triggered in an apparent effort to boost the overinflated stock market, which many experts now agree has become one of the biggest bubble markets in America’s history.
Reporter: “If [President-elect Trump] asked you to leave, would you go?”
Fed Chair Jerome Powell: “No.”
Reporter: “Do you think that legally you’re not required to leave?”
Powell: “No.” pic.twitter.com/OoSDgvkZ8j
— Yahoo Finance (@YahooFinance) November 7, 2024
