Sunset 11-8

Jerome Powell made headlines this week, and not just because the Fed decided to cut rates again. Just two days after Trump’s re-election, Powell held a press conference where, among other things, he declared that he would not step down if the president asked him to.

The Fed can raise or cut interest rates, which impacts your mortgage and savings, or flood the market with money, devaluing your hard-earned dollars with the stroke of a key—all without any oversight from Congress or the president.

Powell’s assertion that the president “lacks the legal authority” to remove him is true. END THE Federal Reserve {Connor Boyak] Good Night, Patriots!