President Trump is calling for Federal Reserve Chair Jerome Powell to resign from his position following a report from the head of the Federal Housing Finance Agency (FHFA) that Powell allegedly lied to Congress.

This content is supported by your donations.
Give today.

View Comments (0)

From Fox Business:

Trump has expressed frustration with Powell for months for refusing to lower the Fed’s interest rates, which he has said was costing the U.S. a “fortune.”

…

On Wednesday, Trump reposted a Bloomberg article on the FHFA head’s call for an investigation into Powell to his Truth Social account.

Trump wrote, “‘Too Late’ should resign immediately!!!”

Fox also included information about FHFA Director Bill Pulte’s accusations against Powell:

In testimony to the Senate Banking Committee last week, Powell dismissed concerns about irresponsible expenses renovating the Fed headquarters in Washington, D.C.

Pulte quoted Sen. Cynthia Lummis, R-Wyo., who he said claimed Powell “made a number of factually inaccurate statements to the [Senate] Committee regarding the Fed’s plush private dining room and elevator, skylights, water features and roof terrace.”

“Jerome Powell’s $2.5B Building Renovation Scandal stinks to high heaven, and he lied when asked about the specifics before Congress. This is nothing short of malfeasance and is worthy of ‘for cause,’” Pulte wrote. “Chairman Powell needs to be investigated by Congress immediately.”

Congress, meanwhile, has seemed open to the idea of investigating Power. House Judiciary Chair Jim Jordan said that, while there are no plans as of now to launch an investigation, “everything is on the table.”

President Trump has spent months feuding with Powell over interest rates. While economic opinions are one thing, lying to Congress is a different, far more serious issue. If the Chairman did in fact lie to Congress, he may be forced to resign or face worse consequences.

In the meantime, let’s pray. Let’s pray for the truth about Chairman Powell to be exposed, and let’s pray that the Federal Reserve would work with the President, not against him, to help America.

We recently prayed about the demonic origins of the Federal Reserve. You can view that webcast embedded below.

What do you think of Chairman Powell and the Federal Reserve? Share your thoughts and prayers below.

(Excerpt from Fox Business. Photo Credit: Federalreserve – _DSC4210, Public Domain, https://commons.wikimedia.org/w/index.php?curid=135226771)