This is complete bullshit.
Jerome Powell is a crony Republican Wall Street Carlyle Group insider swamp dweller.
He doesn't even have a PhD in economics.
He is a fucking lawyer.
Nothing is going to change, fool.
Trump should just have the Treasury print United States Notes to pay for his infrastructure plan.
>United States Notes were issued directly by the US Treasury to pay for stuff.
>United States Notes were dollars that circulated along side Federal Reserve Notes.
>United States Notes exchanged 1-for-1 with Federal Reserve Notes by law.
>Federal Reserve Notes are issued by a private corporation: The Federal Reserve.
>The Federal Reserve lends Federal Reserve Notes to the Treasury/US Government.
>The Treasury/US Gov must pay back Federal Reserve Notes with interest to the private bankers/Fed.
>Borrowing Federal Reserve Notes creates enormous debts for the Treasury/US Government.
>Printing/spending United States Notes creates NO debt for the Treasury/US Government.
>The last president to try to print United States Notes was JFK. He was assassinated.
>Trump can have $1 Trillion of new spending on infrastructure with no debt!
>Yes, United States Notes are inflationary if you print too many.
>However, anything is better than being in perpetual debt to the private bank/Fed/hyenas.
>Just send everyone free $10K bills - US Notes - and have everyone change them for $20 bills - Federal Reserve Notes.
$10,000 x 350,000,000 people = $3.5 trillion
US M1 money supply is currently $3.5 trillion
Please educate yourself on monetary history by reading this book.
Another important book everyone should read.
What a fucking genius!
Literally 10 times as many junk bonds now compared to before 2008.
Thanks Bernanke! We're saved!
I'm sure it will work out great.