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🚨🤯😱 ByeBye Powel New Fed Chairman Is Here
The battle for the world’s most powerful bank has just entered its most explosive chapter. President Trump has officially nominated Kevin Warsh to succeed Jerome Powell as Chair of the Federal Reserve, a move that feels less like a transition and more like a declaration of war on the financial establishment.
Warsh, a 55 year old former Fed governor with deep Wall Street ties, is being hailed by the President as “central casting” the man destined to be the “greatest Fed Chairman” in history. Once known as a “hawk” who feared inflation, Warsh has recently pivoted, echoing the President’s demands for aggressive interest rate cuts. His mission is clear: dismantle the “pampered prince” culture of the current Fed and force a “regime change” that aligns the central bank with the administration’s economic fire.
Jerome Powell, the man currently holding the keys, isn’t going down without a fight. The reaction from the Powell camp has been one of steely resistance. Amidst a swirling DOJ investigation into Fed building renovations which Powell has blasted as a “pretext” to intimidate him the current Chair has issued a chilling warning: the Fed’s independence is non negotiable.
In a rare video statement, Powell argued that the legal pressure on him is a direct consequence of the Federal Reserve setting interest rates based on the public interest rather than “following the preferences of the president.” His message to Warsh and the world? Stay out of elected politics. He has even hinted that he may not leave the Fed entirely, while his term as Chair ends in May, his seat on the Board of Governors lasts until 2028, potentially allowing him to haunt the halls of the institution as a high ranking roadblock to Warsh’s agenda.
The drama now moves to the Senate, where a “scorched earth” confirmation battle looms. As the news broke, gold plummeted and the dollar surged. Investors are bracing for a world where the Fed is no longer a neutral referee, but a political engine. The gates of the central bank have been kicked open.
Between a President demanding 1% interest rates and a current Chair defending the “temple” of independence, Kevin Warsh is stepping into a financial minefield.
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