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American taxpayers have been unwittingly funding the rise of #China ’s economy & military through China’s talent recruitment plans. This must stop. As Chair of the Permanent Subcmte on Investigations, I will work w/ our fed agencies to ensure this does not continue.

Underscoring that the bar to hiking is higher than the bar to cutting, Fed Chair Jerome Powell said inflation needs to be “persistent” and “significant” before the Fed hikes rates again. #investing  #markets  #economy 

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Other highlights from an actual talking head at the time: 2011 was a year of still debilitatingly high unemployment, near default by US of its debt obligations - something that Fed Chair Jay Powell fought - and emergence of sovereign debt crisis in Europe.

Paul Volcker as Fed chair in the 1980s faced down runaway inflation; later, his "Volcker Rule" was a controversial element of postcrisis regulation in the Obama years

Fed Vice Chair Clardida: - Buying of Treasury Bills is not QE, it gives liquidity - Will do what is necessary for liquidity in end of year $DXY $TNX $SPX

Fed Vice Chair Clarida: - Will deploy all necessary tools in next crisis $SPX

Fed Vice Chair Clarida: - Cut in rates was a textbook move for policy in response to weakness $DXY

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For months, I have repeatedly pressed Janet Yellen to hold Wells Fargo accountable for its fake accounts scam and push out responsible Board Members. Today she did it – in her last act as Fed Chair.

The Great Charles Payne@cvpayne  correctly stated that Fed Chair Jay Powell made TWO enormous mistakes. 1. When he said “mid cycle adjustment.” 2. We’re data dependent. “He did not do the right thing.” I agree (to put it mildly!). @Varneyco 

Unreal: the fmr Fed Chair is lobbying the Fed to use its authority to meddle in the election to defeat @realDonaldTrump . POTUS is standing up for America against China after 30 years of our country & workers being ripped off and now some are trying anything to stop his efforts.

in explaining rate cuts, Fed Chair Powell cites weak manufacturing and business investment data these are things Trump and Republican lawmakers said the 2017 tax-cut was going to jump-start

Powell strikes. The President is absolutely right about the FED Chair. Powell clearly doesn't know what he's doing & his remarks that sent the markets plunging, are absolutely inexcusable. @realDonaldTrump  #MAGA  #AmericaFirst  #Dobbs 

Redical Dimms & RINOs attack for pulling 2200 Americans out of Syrian conflict, but say nothing about Obama's role in creating 5,000,000 refugees; attack for criticizing Fed Chair's rate hikes and balance sheet runoffs costing investors $5 Trillion #MAGA 

Big banks are required to take annual stress tests to make sure they aren’t at risk of crashing our economy again. Today, I asked Chair Powell why the Fed looked the other way when 3 banks failed the test:

Hearing financial experts and journalist cheering the notion Fed Chair Jay Powell will do the exact opposite President Trump wants. So, the Fed should derail the economy out of spite? Would be shocked if hadn't seen so many rooting for China in the trade war they started.

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