Truth is outgoing Fed Chairs get paid millions by the very banks they are supposed to regulate while in office.

If banks are so well regulated by the Fed why do keep getting caught in illegal activities that result in hundreds of billions in fines over the years?

Incidentally the Fed gave banks a surprise Christmas gift by allowing buybacks again.

Powell’s speaking fees are secured.

— Sven Henrich (@NorthmanTrader) January 1, 2021

@RobSKaplan @JanetYellen @marydalyecon @neelkashkari @RaphaelBostic @byHeatherLong @boes_ @michaelsderby
Weakest post-WWII expansion and a bubble 4x the size of the prior two built on top with a massive wealth transfer to exactly those who don't need it during a crisis. #Fed pic.twitter.com/8PesYLGtkP

— M/I_Investments (@MI_Investments) January 2, 2021