Let me add to my headline: Only insomniacs and those paid to do so (such as journalists) can endure a speech by Jerome Powell, outgoing chairman of the U.S. Federal Reserve, an institution I argue is useless and has, along with the Internal Revenue Service (IRS), bankrupted the working class.
Forget my bankruptcy statement for the moment, but Powell has to be the boringest speaker on the face of the planet. I assume he figures he’s adopting the air of an impartial guardian of the nation’s wealth when he speaks, but man, if he were your professor in college, you’d never show up. You’d formed clubs to send alternating scapegoats to take notes.
In addition to his pretentiousness, Jerome Powell is also a classic phony. Recall how, during the final two months of the U.S. presidential campaign in 2024, he lowered interest rates twice — while inflation was still roaring!
Now, all he can do — since there’s a Republican in the White House, and worse, one by the name of Donald John Trump — is talk about how inflation is rearing its ugly head, and lowering interest rates is the path of financial destruction.
Trump actually appointed this man, but now wishes he hadn’t, and Powell, in turn, hates Trump so much that he is refusing to leave the Fed once his term as chairman is up next month.
I wish I could say “goodbye and good riddance,” but like an uninvited uncle at Thanksgiving Dinner, Jerome Powell is omnipresent, and believes he’s omniscient as well.
