Trump can only afford to lose the support of four Republican senators in a vote for a new #Fed chair
-- which means #Tillis and #Murkowski’s vows not to support any nominee until the case against Powell is resolved carry significant weight.
A bipartisan group of economists who have served under US presidents dating back to Ronald Reagan
—including former Federal Reserve Chairs Alan #Greenspan, Ben #Bernanke, and Janet #Yellin
—released a joint statement on Monday denouncing what they described as an effort to strong-arm the Federal Reserve into doing the president’s bidding.

https://www.commondreams.org/news/jerome-powell-investigation-backlash

Backlash Builds Against Trump DOJ's 'Unprecedented' Investigation of US Federal Reserve Chairman | Common Dreams

The US Department of Justice's criminal investigation into Federal Reserve Chairman Jerome Powell sparks bipartisan backlash and threats to oppose Fed nominees.

Common Dreams

🚨👉
#Fed Chef #Powell live auf einer Diskussionsrunde mit Ben #Bernanke:
https://youtube.com/live/Bma8Coz1AFk?feature=share
Thomas Laubach Research Conference.

#Börse #Wirtschaft #Wallstreet

🚨 LIVE: Fed-Chef Powell & Ben Bernanke - Diskussion - Thomas Laubach Research Conference

YouTube
It’s not tax money,” #Bernanke said. “The banks have accounts with the Fed, much the same way that you have an account in a commercial bank. So to lend to a bank, we simply use the computer to mark up the size of the account that they have at the Fed.