WTF is Going On at The FED?
Автор: How Money Works
Загружено: 2026-05-01
Просмотров: 433187
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In just over two weeks Jerome Powell will hang up the money printer for the last time as his tenure as the Chairman of the Federal Reserve comes to an end.
In his place the financier (and former Fed Governor) Kevin Warsh has been nominated by the president to take over this role… but that job application has been going about as well as most job applications in 2026… and that is to say… not well…
His confirmation for the role is currently been held up in the senate over questions around the sources of his wealth, potential conflicts of interest amongst his friends in finance, and unanswered questions about his professional relationship with the alleged financier jefferey epstein…
On top of that there is a much bigger problem that most coverage is either ignoring or simply misunderstanding… and that is that the outgoing Jerome Powell could just… go full wolf of wall street and… refuse to leave…
His appointment as CHAIRMAN ends in 14 days from now, but he still has a seat on the board of governors until 2028 so if he just sits his butt down and nobody else on the board makes room, even a unanimous senate confirmation for Warsh won’t mean diddly… because, you can’t be the Chairman of a board you’re not on…
Now normally this is not a problem, historically Fed Chairmen have fully stepped down from the Bank to free up a seat for their incoming replacement even if they do still technically have a few years left as a governor… Except that up until about 2 days ago Jerome Powell (the current sitting chairman of the Fed) was the target of an ongoing criminal investigation by the DOJ, so he doesn’t really want to give up this institutional protection until that gets fully resolved…
It should hopefully go without saying that this is far from the standard operating procedure for this institution… and that’s before getting into the problems they will actually be facing once the musical chairs have been sorted out.
The next interest rate decision is due in 45 days from now and while a vote can still be held, without clear leadership in place the current uncertainty about the economy is only going to get worse…
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