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Federal Reserve Chair Jerome Powell is testifying in front of the House Financial Services Committee on Tuesday.
His term is over in May of 2026.
President Donald Trump declared that he hopes lawmakers work over Fed chair Jerome Powell on Tuesday.
The Federal Reserve System board of governors chair is slated to testify before the House Financial Services Committee on Tuesday morning.
…
Powell’s term as chair is not slated to end until mid-May.
“His new term as Chair ends on May 15, 2026, and his term as a member of the Board ends on January 31, 2028,” according to a 2022 press release.
Donald Trump called for Congress to “works this very dumb, hardheaded person, over.”
“Too Late” Jerome Powell, of the Fed, will be in Congress today in order to explain, among other things, why he is refusing to lower the Rate. Europe has had 10 cuts, we have had ZERO. No inflation, great economy – We should be at least two to three points lower. Would save the USA 800 Billion Dollars Per Year, plus. What a difference this would make. If things later change to the negative, increase the Rate. I hope Congress really works this very dumb, hardheaded person, over. We will be paying for his incompetence for many years to come. THE BOARD SHOULD ACTIVATE. MAKE AMERICA GREAT AGAIN!
Time to cut rates!