“Before I Go…” Powell Drops BOMBSHELL on New Fed Chair

“Before I Go…” Powell Drops BOMBSHELL on New Fed Chair

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On April 29th, 2026, Jerome Powell did something no Fed chair has done
in 78 years — and the financial press is calling it routine. It's not.

Powell announced he's keeping his voting seat on the Federal Reserve
Board of Governors through January 2028 — refusing to walk out the
door on May 15th when Kevin Warsh takes over as chair.

The last Fed chair to make this move was Marriner Eccles in 1948. What followed was the 1951 Treasury-Fed Accord that protected the U.S. dollar's
solvency for 75 years.

Meanwhile, Warsh — Trump's pick — told the Senate Banking Committee
on April 21st that he wants "regime change in the conduct of policy"
at the Federal Reserve.

And J.P. Morgan's Private Bank just quietly told 333 billionaire families to move 60% of their portfolios into alternatives. Cambridge Associates is advising ultra-wealthy clients to remain "underweight the US dollar."

The wealthy already know what this rhymes with: 1969. When Arthur
Burns gave Nixon a loyal Fed chair, CPI inflation went from 5% to
13.5% by 1980 — and savers who trusted the system watched their
purchasing power get cut in half.

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Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/new-york-plans-tax-on-homes-over-1-million-purchased-with-cash