Your spending power is not walking, no – it’s run away! Anyone with glasses could have seen this coming, so why didn’t the Chairman of the Federal Reserve, Jay Powell, see that inflation was going to stick around? Especially since he only stopped over-stimulating the U.S. economy what, just two months ago? Gimme a friggin’ break! Yes I speak the truth and did you know that Inflationary Joe, [the worst President in U.S. history] was totally on-board while his inept Fed Chair Powell continued to pile U.S. treasury debt miles high on the Fed’s balance sheet? See, the stimulus the Federal Reserve was undertaking since COVID never ceased – they continued to buy U.S. treasury debt and placed them inside their own ballooning balance sheet, just to artificially keep interest rates at zero. The Fed would then collateralize these treasuries in order to force excess cash into bank reserves. This monetary stimulus operation, also referred to as quantitative easing 101 [to infinity] greatly expanded the cash reserves available for banks to loan out. It was originally designed as a stimulus measure to give the economy a jump start but Donald Trump’s economy was already growing between 4-5% annually and needed no “jump start”. That is until Inflationary Joe came in, and with Democrats in control of both houses of Congress together they have made one bad decision after another and here we are, in the worst runaway inflation since the early 1980’s. Inflation so bad that in order to arrest it, the Fed will be forced to wreck the economy and start over. In other words we’re now in a recession. But guess what? This is one that the fake media, the Democrats and Inflationary Joe plus ALL HIS CABINET MEMBERS, including the Federal Reserve Board, won’t admit to. Democrats are so used to lying to the American people these days that it comes easier now, much easier than telling us the truth. How sick are these Democrats? Pretty mentally ill!

I want to pause a moment and remind everyone that I called this U.S. recession back when I wrote several articles on my brantology.com website, check out this one, “When an Economy Signals 2 Outs & it’s the Bottom of the 9th”. All you have to do to access it is go to my home page and type in some of the title, “When an Economy Signals” and it will take you right to an article I wrote on January 27, 2022. So here we are five months later and it’s now come to pass, the reality of a major U.S. slowdown is here. We must understand going forward that placing very important economic roles into the hands of those that are too incompetent to understand and lead in those duties will cause what is known as major “Policy errors”, exactly what we are witnessing today in the United States.

Federal Reserve Chair Jay Powell needs to be removed immediately! No Federal Reserve Chairman should ever be guilty of these practices:

1) Denying the truth regarding the origin of U.S. hyper-inflation –
We heard from Powell yesterday falsely blaming high energy prices on the Russian invasion of Ukraine? This is a false statement, a lie! If you can’t understand the consequences of President Biden destroying America’s oil independence [what that would do to prices] then you certainly aren’t qualified for a position as important as the Chair of the U.S. Federal Reserve.

2) Denying the level of runaway inflation –
The true level of U.S. inflation is way North of 10%, it’s most likely 15% annually or even higher. Yet this Fed Chair continued to stimulate this economy even when he knew energy and food prices were crushing middle to low wage earners in America.

3) Insubordination of duties as Chair –
Chair Powell sat and did nothing but watch [for the past year] while inflation kept rising and he never took action. Now he’s acting but he’s at least 12-18 months late on tightening credit.

4) Woke Leftist Principles –
Chair Powell is more concerned with the false narrative of “Climate Change” and “Diversity and Inclusion” among other Leftist Woke initiatives than running the largest economy in the world.

5) Failure to understand Economics 101 –
It is obvious that Chair Powell does not understand basic economic principles. He has no track record of success in adverse economic conditions on the scale of which we are facing today.

This Federal Reserve Board is the worst I’ve ever witnessed and I’ve been around to see a lot of Fed Reserve Policies be implemented by a ton of Federal Reserve Board leaders. Had the Federal Reserve responded earlier to inflationary pressures (as more than one year has passed), they might have had a decent shot at achieving a soft landing for the U.S. economy. This Fed has earned a credibility measure of zero from Wall St. to Main St. and you can’t gain trust back once you’ve lost it. So fire Fed Chair Jay Powell!