Fed Up

President Trump is re-threatening to fire Federal Reserve Chair Jerome Powell.

Powell’s term as chairman ends May 15, but he could stay on as a regular ol’ Federal Reserve governor until 2028. Powell has said he has “no intention” of leaving until the Justice Department concludes its controversial criminal probe into his handling of costly central bank renovations. Senator Tillis (R-NC) has also criticized the investigation and promised to block the confirmation of Trump’s new pick for Fed Chair, Kevin Warsh, unless it is dropped.

On Wednesday, #47 told Fox Business that if Powell doesn’t leave with his leadership title, “I’ll have to fire him.” Powell says the president has no authority to fire him, and the Supreme Court is currently considering whether Trump’s attempt to remove Fed Governor Lisa Cook was lawful. 

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CHRISTIAN PERSPECTIVE
Politicians come and go, often disappointing supporters and opponents alike. Put your hope in the Lord, who has no term limit, who rules with compassion, and who executes justice perfectly.

“But the Lord sits enthroned forever; he has established his throne for judgment. And he judges the world with righteousness; he executes judgment on the nations with fairness. The Lord is a refuge for the persecuted, a refuge in times of trouble. Those who know your name trust in you because you have not abandoned those who seek you, Lord.” 
Psalm 9:7–10 (CSB) (read full passage)