Asking because it makes no sense to me. The only reason I can come up with is because our government has zero control over our money.
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Article from 2020
Imagine for a moment that if Trump allowed the steal to happen, and some sort of continuity of government plan were in place for the next 4 years, they would still need access to the Fed. Enter Trump's appointment of Powell.
Biden et al tried to get rid of Powell as well, with a fake little trading scandal leaked by none other than Biden-appointed vice-chair Lael Brainard. The play was to give her Powell's job. Why then, go through this much trouble after delaying Powell's reconfirmation for a whole year? Why reconfirm him at all?
Maybe they had no choice.
I believe this thing with Powell is as much kayfabe as it was with Elon. Interest rates had to be high to forestall a worse economic situation... kinda like Operation Warp Speed. Something Powell promised Biden he wouldn't do to gain his confirmation. Until the next day, when Powell increased interest rates.
The Fed is necessary for destroying the central banking system worldwide from within.
And here's something to chew on for a bit. Imagine if Larry Fink of BlackRock had been turned over the last couple of years and was forced to work for the white hats. An interesting chess piece to have sitting at the head of the WEF all of a sudden, wouldn't you say?
Good post and definitely something to think about.