It’s Congress’ overspending and the Federal Reserve’s printing of money to pay for their spending that’s led Americans to lose their purchasing power, Sen. Ron Johnson, R-Wis., told Newsmax on Tuesday after Federal Reserve Chair Jerome Powell said he wouldn’t step down for President-elect Donald Trump.
In response to Powell’s comment, Johnson told “The Chris Salcedo Show” that he encourages people to read ‘The Creature from Jekyll,’ which describes how this cartel of banks was established and not for the benefit of the American people, but for the benefit of big money [central] banks.”
“The bottom line is,” Johnson continued, the Federal Reserve has “been set up now as a completely independent agency and it’s mismanaged its job. But what has really mismanaged their job — or who has really mismanaged their job — is Congress. The Fed is reacting to the grotesque fiscal mismanagement … of this place. That’s what we really need to get under control. But I hate the dual mandate of the Fed.”
Read more at Newsmax© 2024 Newsmax. All rights reserved.
