Donald Trump said he will fire Federal Reserve Chair Jerome Powell if he does not step aside when his term expires next month.
Powell’s tenure as chair expires on May 15. Trump’s pick for a replacement, Kevin Warsh, has yet to be confirmed by the Senate and the full chamber. That leaves the potential for Powell to remain in place as chair “pro tempore,” per Fed regulations.
Powell confirmed at a press briefing in March that if Warsh isn’t confirmed by the Senate by May 15, Powell would remain as Fed chair “pro tem” in the interim. “That’s what the law calls for. That’s what we’ve done on several occasions,” Powell said at the time.
What you described will happen no matter who the chair of the FED is, or the President for that matter.
There’s no need to “rig the elections”, the FED is unconcerned. Or, perhaps I should say, the BANKERS who work for banks and investment firms with a temporary “FEDcation” term are not concerned.
After all, they will purchase everything they can after the fall at bottom-of-the-barrel prices, using whatever currency they need to. To them, the dollar itself is irrelevant, it’s the ASSETS they will acquire after its downfall.
These are not national interests.
We do agree on one thing, gold will retain it’s value much more than the dollar.