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Trump taps Powell for Fed to oversee economy fraught with risks


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https://a.msn.com/r/2/AAun5P6?m=en-us

 

"Jerome Powell, nominated by President Donald Trump on Thursday to be the next Federal Reserve chairman, is set to take the reins of the world’s most important central bank when the U.S. economy is rolling along at a pace he’ll be under pressure to sustain.
Growth is accelerating, inflation is tame and unemployment is the lowest in 16 years. Such a backdrop should initially enable a new Fed chairman to keep gradually raising interest rates from historic lows with the aim of stretching out what is already the third-longest U.S. upswing."

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Yellen wanted to debase the currency 2% every year.

 

What a POS.

 

We'll see if this guy has his head up his ass too.

 

The private Bank of Morgan, Rothschilds and Vanderlip was brilliantly conceived.

 

And so, as the passengers drifted off to sleep that night to the
rhythmic clicking of steel wheels against rail, little did they dream
that, riding in the car at the end of their train, were seven men who
represented an estimated one-fourth of the total wealth of the entire
world.

This was the roster of the Aldrich car that night:

1. Nelson W. Aldrich, Republican "whip" in the Senate, Chairman

of the National Monetary Commission, business associate of J.P.
Morgan, father-in-law to John D. Rockefeller, Jr.;

2. Abraham Piatt Andrew, Assistant Secretary of the United States

Treasury;

3. Frank A. Vanderlip, president of the National City Bank of New

York, the most powerful of the banks at that time, representing
William Rockefeller and the international investment banking
house of Kuhn, Loeb & Company;

4. Henry P. Davison, senior partner of the J.P. Morgan Company;

5. Charles D. Norton, president of J.P. Morgan's First National Bank

of New York;

6. Benjamin Strong, head of J.P. Morgan's Bankers Trust Company;

and

7. Paul M. Warburg, a partner in Kuhn, Loeb & Company, a

representative of the Rothschild banking dynasty in England
and France, and brother to Max Warburg who was head of the
Warburg banking consortium in Germany and the Netherlands.

 

 

 

The Creature From Jekyll Island.

 

kj

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