One would think Senators from both parties would have found the $2.5 BILLION overreach by the outgoing Federal Reserve Board Chair, Jerome Powell, to renovate the Fed’s DC headquarters would have bordered on lavish and excessive, if not criminal. Especially, as regular Americans were struggling during the Biden years to make ends meet.
Apparently not.
Democrat Senators are calling Senate Banking Chairman, Tim Scott (R-SC), to delay the nomination proceedings for former Federal Reserve governor Kevin Warsh, President Donald Trump's pick to be the next chair of the US central bank.
Why?
On the pretext that investigations into Lisa Cook and Powell’s alleged misdeeds should be closed.
“We demand that you delay any nomination proceedings for Mr Warsh until after the pretextual criminal investigations involving Chair Powell and Governor Cook have been closed," ranking member Elizabeth Warren and all 10 of her Dem colleagues on the committee wrote.
Again, why?
The investigations should have no bearing on whether Mr Warsh is qualified to serve his designated position. It is a clear attempt by the “Queen of Shrill and Mean” to besmirch his reputation.
“Kevin Warsh’s nomination to the Federal Reserve has been resoundingly endorsed by business and political leaders because his academic credentials, private sector success, and experience on the Fed Board of Governors are unimpeachable," White House spokesman Kush Desai said.
"Democrats should put political games aside and prioritize the well-being of the American people who deserve to finally have confidence in Federal Reserve decision-making.”
If the Democrats had any integrity left, they would refrain from their constant attempts to serve Party over Country. But, this is NOT the Democrat Party of JFK or Truman. Instead, this is the Schumer party of obstruction and hate for anyone not aligned with a Socialist agenda.
A sad day in modern American and Constitutional politics.
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