Tim Scott Says Powell Making a Mistake Staying at Fed

Sen. Tim Scott ‘praying’ Jerome Powell leaves Fed this month — and hints chairman has an agenda by staying on

Sen. Tim Scott (R-SC) said he is turning to "prayer" in hopes that Jerome Powell will leave the Federal Reserve after his term as chair ends this month – but admitted that Powell may not go if he’s bent on “poking the president in the eye.”

Jerome Powell making a 'significant mistake' by staying on at the Fed, Sen. Tim Scott says

Federal Reserve Chair Jerome Powell has said he plans to remain a member of the Federal Reserve board after his term as chair expires this month.

Tim Scott Says Powell Making a Mistake Staying at Fed

Senate Banking Committee Chairman Tim Scott (R-SC) said Federal Reserve Chair Jerome Powell is making a “significant mistake” by staying on the Federal Reserve’s Board of Governors after his term atop the central bank ends, CNBC reports. Said Scott: “He’s breaking 75 years of precedent. Every time you get a new chairman, the former chairman leaves. That’s good news because what you don’t want are these philosophies in conflict.” He added: “I thi…

Time for Jerome Powell to Go Home

The man just won’t leave the stage. Fed Chairman Jerome Powell announced last week that he’s going to remain on the Federal Reserve Board until 2028 even as he by law surrenders his chairmanship. The announcement came even after President Donald Trump agreed to drop his unwise lawsuit against Powell for funding a $2 billion new Taj Mahal building down the street from the White House. Powell will be the first Fed chair to stay on the Fed’s Board …

Powell to remain Fed governor post-chair term, stabilizing markets

Powell's continued role ensures policy consistency, calming market fears of abrupt changes and reinforcing economic stability amid uncertainties. The post Powell to remain Fed governor post-chair term, stabilizing markets appeared first on Crypto Briefing.