Post #3896172

Just wanted to say, former #FedChairman #JeromePowell is a hero, and I don't think people appreciate his heroism enough. The job of the #FederalReserve is to prevent bank-runs, #debt crises, and #inflation, by manipulating the money supply, and it's set up the way it is to ensure it's run by calm hands and not panicky #investors and #politicians with ulterior motives. People genuinely do not realize how much it protects us. Jerome #Powell protected us from #Trump, under threat of violence and the reality legal attacks that are still attempting to put him in prison. #Trump demanded for years that he lower interest rates so he could have a quarter with more spending, which would've sent the #US #economy into long term #HyperInflation, making food and housing way more unaffordable than they are now, and had global ramifications that would last decades. He protected us from that. No matter what other disagreements we have with him, we can say for a fact that Jerome Powell did his duty, for the #American people, under threat. And for that, he will always be a hero. #USpol #heroism #ChecksAndBalances