Fed Chair Jerome Powell under investigation for dumping millions in stocks amid COVID economic crisis
"This sale occurred right before the Dow Jones Industrial Average suffered a significant drop."t.co/boRsf0rSjk
— Khashoggi’s Ghost (@UROCKlive1) October 19, 2021
Fed Chair #JeromePowell Sold More Than a Million Dollars of Stock as the Market Was Tanking
Disclosure documents reveal that the spectacle of Fed officials personally trading stocks extended to the chair himself.#MOGt.co/vkTan9tZkb
— Michael O'Grady (@mog7546) October 18, 2021
America is ALREADY in a recession that could be as bad as 2008: Dartmouth College prof David Blanchflower warns that the real state of the economy has been skewed by Biden’s huge unemployment payments
www.dailymail.co.uk/news/article-10103413/US-recession-bad-2008-paper-warns.html
The chair of the Federal Reserve has one of the most powerful economic jobs in the world, with the ability to move markets with a single phrase.
Under Jerome Powell’s leadership, the Federal Reserve has been instrumental in steering the economy from the depths of the pandemic in a quest to claw back the 22 million jobs that were lost.
Now, President Biden has to decide whether Powell should keep his own job. It’s a decision that has gotten more complicated as some progressives such as Sen. Elizabeth Warren, D-Mass., wage a fight against his reappointment as a stock trading controversy dogs the Fed.
Here are some key questions as Biden decides what to do.
h/t Doorbert Returns