Powell to Remain at Fed as a Democratic Revolt is Festering

Armstrong Economics Blog/Central Banks Re-Posted Nov 22, 2021 by Martin Armstrong

Biden nominates Powell for the second term as Fed chief, as Democratic Opposition to his leadership is rising fiercely. Biden’s handlers appeased the Progressives by naming Brainard vice-chair. The hearings of  Omarova have rattled even conservative Democrats who are starting to wonder who is really calling the shots.

Then the word in DC is that Biden will run in 2024. The conservative Democrats are beside themselves. With Biden’s polls at only about 33% favorable, they are starting to suspect that his administration is about this Great Reset and the strings being pulled are not to their liking. But a president who is mentally incompetent is exactly what these people wanted to change the United States into a Marxist Wonderland.

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