"Cramer stated, 'It'd be unusual for a Fed chair to remain on as a governor, as a board member of the FOMC, and for good reason.'"
"'Trump's attacks on Powell are unprecedented for a U.S. president and sound alarm bells for those concerned about the White House trying to politicize monetary policy.'"
"'I would hope that he would not do that and stay on just to fight this IG. I mean, the IG, the Inspector General, this is their job.'"
"'If he's confident that that's not the case, there's really no reason for him not to exit gracefully and with his head held high.'"
Sen. Kevin Cramer called for Jerome Powell to resign from the Federal Reserve after his term ends, noting that it is uncommon for a Fed chair to remain on the board. Cramer highlighted President Trump's unprecedented attacks on Powell regarding interest rates and the politicization of monetary policy. He mentioned the need for an audit of the Fed's spending, particularly concerning cost overruns on a new building. Cramer suggested that if Powell is confident in his actions, he should exit gracefully.
Read at www.mediaite.com
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