Powell Put the Fed and U.S. Taxpayers In the Red
Despite losing $235 billion, Federal Reserve Chairman Jerome Powell somehow still has a job—for now. His mismanagement of the Fed has not only badly hamstrung monetary policy for years but has stuck the taxpayer with a massive bill atop a general cost-of-living crisis. It’s no wonder calls for his resignation are growing. While at the Fed’s helm, Powell has completely failed to deliver price stability—something mandated by the Fed’s charter—and instead conspired to create the worst inflation in more than four decades.
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