Facts and the Fed

Jerome Powell, the head of the Federal Reserve, is under investigation by the U.S. Department of Justice for possible criminal activity related to the $2.6 billion renovation of two Federal Reserve buildings. The cost of the rehabilitation project is approximately $300 million to $400 million over the original estimates. Powell acted surprised when President Trump told him about the overruns, and Powell refused to accept the numbers until Trump supplied paperwork from the Federal Reserve itself that showed the enormous excesses.

Powell allowed inflation to rise to 9% during the Biden administration and refused to lower interest rates until three months before the Biden/Trump presidential election. Powell continually states that the Federal Reserve and politics should be separate. Timing here is questionable.

Regardless of what Powell says publicly, the Federal Reserve is under the control of the administration, and that means the Trump administration.

Make your own conclusions, but use facts.

Larry Casey

Huntley