Source: Ron Paul Liberty Report
by Ron Paul
“President Trump’s ‘solution’ to the economic problems facing many Americans is lower interest rates. Jerome Powell, who Warsh is succeeding as Fed chair, has refused to lower rates to the level desired by President Trump. This is a big part of why the president has said he chose not to reappoint Powell. Concerns that Warsh would allow President Trump to dictate monetary policy help explain why only one Democratic Senator voted for Warsh’s confirmation. Lowering rates may slightly reduce credit card and other interest rates paid by consumers. However, it will further erode the dollar’s value, thus further reducing Americans’ real incomes and causing them to go further into debt.” (05/18/26)
http://www.ronpaullibertyreport.com/archives/kevin-warshs-impossible-mission