The Rumor Mill News Reading Room
Jim Stone: Trump To Put The FED on Leash? He Warns That JFK Was Assassinated Around The Time He Tried It….
Posted By: Watchman
Date: Monday, 23-Jul-2018 18:07:37
|Trump may soon take control of the Federal Reserve
This was on CNBC, so if they are saying it, you know they have to.
“President Donald Trump has multiple reasons as to why he should take control of the Federal Reserve. He will do so both because he can and because his broader policies argue that he should do so. The president is anti-overregulating American industry. The Fed is a leader in pushing stringent regulation on the nation. By raising interest rates and stopping the growth in the money supply it stands in the way of further growth in the American economy.
First, He Can
The Board of Governors of the Federal Reserve is required to have seven members. It has three. Two of the current governors were put into their position by President Trump. Two more have been nominated by the president and are awaiting confirmation by the Senate. After these two are put on the Fed’s board, the president will then nominate two more to follow them. In essence, it is possible that six of the seven Board members will be put in place by Trump.
There is a lot more than this in the CNBC report, which much to my surprise absolutely shreds the Federal Reserve. You can’t expect real reporting from them so this is a real surprise. Perhaps after Lisa Page killed the whole Russian thing, they are scared.