Senator Marshall: Powell Has Lost the Confidence of the President & the American People, & Should Resign

Senator Marshall Joins Fox Business to Talk About Fed Chairman Jerome Powell

Washington – On Wednesday, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Elizabeth McDonald on Fox Business’ The Evening Edit to discuss Jerome Powell’s tenure at the Federal Reserve, why interest rates need to come down for the good of the country, and concerns about the overspending on the Federal Reserve HQ renovations.

Click HERE or on the image above to watch Senator Marshall’s full interview.

On whether President Trump will fire Jerome Powell:

“I don’t see the president firing him, but Jay Powell should resign. That’s what he should do. He’s lost the confidence of the President and the American people. There’s a reason the President calls him ‘too late.’ He was too late when we saw Bidenflation just jump through the roof; they told us it would be transient, [but] he was so late that inflation was persistent.

“Then, a month before the November election, he suddenly, without good reason, he drops the interest rate. And now we just had a quarter of 2.1% inflation numbers, and he refuses to drop them. It just seems to me that Jay Powell has a blind spot. That he’s too much emotionally invested in the situation. Now it probably be best if he resigned. Gave us give us some notice, though, and let America’s economy get on the way here. We need to drop the interest rates.”

On the ongoing costs of the Federal Reserve HQ Renovations:

“We certainly need an inspector general, or the Government Accounting Office, to go in there and figure this out. This building costs $2,000 a square foot. It has a theater, it has wellness centers, and I don’t know if it’s gold-plated or not, but it’s way over budget. Did we even need a new one to start with? There’s much better things we could do with this money, and I do expect to see more of this as we go through some type of congressional hearing.”

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Contact: Payton Fuller