Click here to view original web page at www.theepochtimes.com
Federal Reserve Chair Jerome Powell testifies during a Senate hearing at the Hart Senate Office Building in Washington, on Sept. 28, 2021. (Kevin Dietsch/Pool via Reuters) Jerome Powell, who President Joe Biden has picked to head the Federal Reserve for a second term, is facing criticism from Democrats in the Senate for his track record on climate change and bank deregulation.
Powell was originally nominated to the central bank’s board of governors under President Barack Obama in 2012. In 2018, President Donald Trump nominated Powell to head the Federal Reserve.
In a show of confidence for the Republican nominee, Biden has selected Powell to serve a second term in that capacity despite the president’s broad efforts to distance himself from his predecessor. Biden also chose Democrat Lael Brainard to be vice chair of the bank.
“I’m confident that Chair Powell and Dr. Brainard’s focus on keeping inflation low, prices stable, and delivering full employment will make our economy stronger than ever before,” Biden said of the nomination in a White House press release . “Together, they also share my deep belief that urgent action is needed to address the economic risks posed by climate change, and stay ahead of emerging risks in our financial system.”
But several Democrats are far less confident in the nominee.
Following the announcement, Sens. Sheldon Whitehouse (D-R.I.) and Jeff Merkley (D-Ore.) released a joint statement expressing their opposition to Powell’s nomination.
“Jerome Powell refuses to recognize climate change as an urgent and systemic economic threat,” the duo said. “During his tenure, Chair Powell first ignored climate change and then resisted calls for the Fed to use its tools to fight it, arguing that climate change ‘is really an issue that is assigned to lots of other government agencies, not so much the Fed.’ At a hearing earlier this year, he said: ‘we are not and we don’t seek to be climate policymakers.’”
Christian-Driven America-First Precious Metals.
Before markets collapse, the smart play is to move wealth or retirement to precious metals. Contact Genesis Gold now to make it happen smoothly with no hassles from a group driven by fellowship.
“Climate is not a long-term challenge for the Fed; it demands action now,” they continued.
“President Biden must appoint a Fed Chair who will ensure the Fed is fulfilling its mandate to safeguard our financial system and shares the Administration’s […]
Click here to view original web page at www.theepochtimes.com
Yes, We Need Your Help
I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
When I left my cushy corporate job in 2017, I did so knowing that my family would have to make sacrifices. But I couldn’t continue to watch the nation slip into oblivion and was inspired by President Trump’s willingness to fight the good fight even at his own personal expense. What I didn’t realize then is that conservative media would be so heavily attacked, canceled, and defunded that the sacrifices would be extreme.
Many in this nation are struggling right now even though we weren’t struggling just a few years ago. I’m not alone. But I wake up every morning and operate the sites we’ve been able to build because there’s really no other choice. I refuse to be beholden to Big Tech like so many other conservative news outlets, which is why you won’t see Google ads here. With that said, it’s often challenging to pay the bills and it’s even harder to expand so we can get the America First message out to a wider audience.
The economic downturn has forced me to make a plea for help. Between cancel culture, lockdowns, and diminishing ad revenue, we need financial assistance in order to continue to spread the truth. We ask all who have the means, please donate through our Giving Fuel. Your generosity is what keeps these sites running and allows us to expand our reach so the truth can get to the masses. We’ve had great success in growing but we know we can do more with your assistance.
We currently operate:
- NOQ Report
- Conservative Playlist
- Uncanceled News
- Based Underground
- Five other conservative news sites
I would even be willing to entertain investments and partnerships at this stage. I’ve turned them down in the past because editorial purity is extremely important. I’ll turn them down again if anyone wants us to start supporting RINOs or avoid “taboo” topics like voter fraud, vaccines, or transgender supremacy. But I’d talk to fellow America First patriots who want to help any (or all) of our 10 news sites. Hit me up at jdrucker (at) substack (dot) com if you’re interested.
For those who have the means and just want to help keep the mission of spreading a conservative, Christian message to the nation, please consider a generous donation.