This Describes Federal Reserve Chairman Jay Powell To A “T”
When you’re in a government role like this your political affiliation gets exposed whether you like it or not, whether it’s perceived as positive or negative and Jay Powell has been no exception to the rule. What happened here, how did this guy get appointed to the helm tasked with steering the largest economy in the world? He was appointed in early 2018 by then President Donald Trump in his first term. Under the Biden Crime Family’s administration Powell was kept onboard and still occupies the office [at this writing]. Powell’s term will end in early February of 2026 unless replaced but President Trump who has stated that he will allow the Chairman to serve out his term.

Jay Powell Will Not Go Down As Terrible
As Fed Chairs go, nor has his rein been exceptional. In fact, he has proved himself quite un-exceptional when certain risks to the U.S. economy showed their ugly head. Suffice to say that Powell’s term as Fed Chair will most likely go down as just “undistinguished”. A man is allowed to be pro-Democrat and leftist in his political affiliations, and that certainly shows through with each decision the Fed Chair has made. Powell has been known to pull a Keynesian government overreach out of a hat on many an occasion, remembering always that actions speak louder than words when judging a person’s core beliefs/character. [Suggestion: become familiar with the two major schools of Economic thought – the pure Keynesian vs. the Milton Friedman models. I think you’ll find Friedman’s approach to laissez-fare economics far superior to the Socialist model introduced by Keynes.]

More On “Power-Leak” Powell
Jay Powell worked at the Federal Reserve for more than five years prior to being named Chair. I guess if one hangs around long enough somewhere they get promoted to a level of their personal incompetence(?), it must happen all the time. Powell is not a trained economist, instead he holds a law degree. I’m not certain how that translates into anything related to the “economy” or “economics”, as a discipline(?) except maybe that there are too many lawyers and not enough good economists in the country? I have been made aware that tons of attorneys starve to death in America due to they can’t find enough people and firms to sue these days.

My Opinions
Is not so much to minimize someone [in this case Powell] for showing up to work on time and being present for news conferences/meetings but more so to convey a lesson learned as far as Presidential appointments? Never ever appoint an attorney without a PhD. in Economics to the top post [in the world] in the field of Economics – it’s that simple. I wouldn’t hire a painter when I have a clogged drain at my house and this is no different. Which reminds me, at the end of the day economics gurus are tasked with making sure the pipes [and drains] remain clear to maximize the free flow of U.S. dollars throughout an open economy with no stop-ups and no leaks! I’m thinking this is a good analogy in the pursuit of economics within free enterprise markets. Similar to the work of a strategist on Wall St., it took mathematicians creating theorems and proofs to make sense of economics within the pursuit of maximizing productivity.

Bottomline
The economics discipline can sometimes look pretty fluffy for those on the outside looking in, those who have never taken the plunge. I have a Masters in the subject and I’m here to tell you the study of Micro and Macro Economics will kick-your-ass! As it has kicked mine on many an occasion. The study of advanced courses in economics gets complicated early on and stays complicated as tons of inside and outside forces impact free-enterprise activity at both a personal and enterprise level. Never ever believe that economics is full of fluff. Therefore, anyone appointed Chair of the Federal Reserve really needs to be equipped with a PhD in the subject without exception… I just hope President Trump takes note of this fact prior to appointing his next Fed Chair!