President Trump doesn’t get many legislative wins because of two reasons: Nearly every member of the Domestic Terrorist Party automatically opposes whatever it is he wants, and two, we still have too many RINOs in power.
But the president managed a pretty good win this week in the Senate when his choice to replace current Federal Reserve Chairman Jerome “Too Late” Powell made it through:
President Donald Trump scored a major win Tuesday after the Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors, clearing the way for the former central banker to potentially become the next face of the Fed.
The Senate voted 51-45 to confirm Warsh to a 14-year term on the Fed’s seven-member board, putting one of Trump’s preferred economic voices in position ahead of a separate vote later this week on whether he will officially replace outgoing Fed Chair Jerome Powell.
The confirmation marks a pivotal moment in Trump’s long-running battle with Powell over interest rates and monetary policy. Trump has repeatedly blasted Powell for refusing to slash rates more aggressively, once calling him a “moron” and a “stubborn mule” as the White House pushed for looser policy to stimulate growth.
The vote also intensifies scrutiny over the Federal Reserve’s future direction as Trump attempts to reshape the central bank with allies more aligned with his economic agenda.
Warsh, 55, is no stranger to the Fed. The Stanford University and Harvard Law School graduate previously served as a Fed governor from 2006 through 2011, including during the height of the global financial crisis. Since leaving the central bank, he has worked at Stanford’s Hoover Institution and advised billionaire investor Stanley Druckenmiller.
Again, Trump doesn’t get many legislative wins despite the fact that the GOP has control of both chambers. But the majority comes through for him at crucial moments, it seems, and this was one of them.
Powell has been a thorn in Trump’s side despite the fact that the current president appointed him in 2018. Previously, he was appointed to the Federal Reserve Board by the most divisive president in history, Barack Obama, so it only makes sense that Powell, who has resisted lowering interest rates for most of Trump’s second term, did so twice ahead of the 2024 election, no doubt to help Kacklin’ Kamala Harris.
It’s time for him to go, but he won’t; he’s taking the nearly unprecedented step of remaining on the Fed Board so he can continue sabotaging Trump’s economic agenda. But at least he won’t be the head dog for much longer.
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