Well, howdy there, Internet people, it spell again.

So today, we're going to talk about the Fed Chair and I, having the same sense of humor.

Back in early February, I put out a video detailing a scenario that I described as the most hilarious possibility in Federal Reserve

history. Some quick background. Trump has it out for Federal Reserve Chair Jerome Powell,

because Powell won't lower interest rates just to suit Trump's political whims. And since we see inflation creeping back up, even with the higher rates,

Powell has been 100% correct.

Trump's administration has started probes of Federal Reserve governors, including Powell.

Just like Trump didn't understand how interest rates work, he also didn't

seem to understand how the Federal Reserve actually works. I don't want to reinvent the wheel.

So here's a quick clip from early last month that explains some little known things about the Fed.

So let's lay out some facts that are important to understanding a potential chain of events

that was always possible, but wasn't likely until recently.

Trump wants interest rates lowered.

Trump wants the Federal Reserve to lower those rates.

Trump also wants an overhaul of the Fed in general, which would reduce its independence.

Jerome Powell's term as chair of the Federal Reserve Board of Governors ends in May.

Everybody knows that. But what many don't know is that his term as a Federal Reserve Governor

doesn't end until 2028. Generally, exiting chairs leave, but they aren't required to.

Trump has nominated Kevin Warsh to become the new Fed Chair, but the Fed Chair has to be on

the board of governors. Worse is currently not, which means Trump may have to give Worse the seat of Trump ally Stephen Myron to get Worse

where he wants him.

Trump has pushed for legal actions against Fed governors Cook and Powell.

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