Pam and Russ Martens: Only Texas Republicans seem able to put relevant questions to Fed chairman


Fed's Powell Says Forensic Work Ongoing on Liquidity Crisis

By Pam and Russ Martens
Wall Street on Parade
Friday, November 15, 2019

Yesterday, for the second day in a row, the chairman of the Federal Reserve, Jerome Powell, gave testimony and took questions before a congressional Committee. On Wednesday it was the Joint Economic Committee; yesterday it was the House Budget Committee. On both days only one member of the committee dared to ask a question about the hundreds of billions of dollars the Fed is hurling at Wall Street each week in repo loans. ...

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It seems to be only Republicans from Texas who have the guts to confront the issue when Powell appears before Congress. On Wednesday it was Congressman Kenny Marchant, who questioned Powell on the issue. Yesterday it was Congressman Bill Flores, another Republican from Texas, who raised the subject. ...

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