BREAKING: Trump to Swear in Kevin Warsh as Federal Reserve Chairman Tomorrow!
(www.thegatewaypundit.com)
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People like Tom Luongo have been saying for a long time that Fed will be repurposed as a primary tool for protecting USD in foreign markets. Already the domestic interest rates have been moved to SOFR and Fed rates primarily affect foreign CBs, so we are headed in that direction. Kevin has already said the primary purpose of Fed has always been keep the prices stable and not inflation and he wants to get rid of the bloated balance sheet.
Treasury will be issuing the US debt directly via stable coins, hence the Clarity Act being passed.
We may see the entity of Fed completely wiped which might be good, but there is a good chance that it will continue as a very small entity to control foreign exchange.
u/#q1194
The US Treasury is going to take the place of the fed as it should be. Our national bank will be controlled by the people.