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Trump's Fed Nominee Delivered a Speech Attacking Ron Paul's Audit the Fed Bill

Discussion in 'Central Banking & Fed Reserve' started by gnome, Nov 5, 2017.

  1. gnome

    gnome Platinum Bling Platinum Bling

    Apr 10, 2010
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    The Time Trump's Fed Nominee Delivered an Entire Speech Attacking Ron Paul's Audit the Fed Bill


    In 1979, Powell moved to New York City and became a clerk to Judge Ellsworth Van Graafeiland of the United States Court of Appeals for the Second Circuit. From 1981 to 1983, he was a lawyer with Davis Polk & Wardwell, and from 1983 to 1984, he worked at the firm of Werbel & McMillen.

    From 1984 to 1990, Powell worked at Dillon, Read & Co.,

    Between 1990 and 1993, Powell worked in the United States Department of the Treasury, at which time Nicholas F. Brady, the former chairman of Dillon, Read & Co., was the United States Secretary of the Treasury. In 1992, Powell became the Under Secretary of the Treasury for Domestic Finance after being nominated by George H. W. Bush

    In 1993, Powell began working as a managing director for Bankers Trust.

    From 1997 to 2005, Powell was a partner at The Carlyle Group.

    After leaving Carlyle, Powell founded Severn Capital Partners, a private investment firm focused on specialty finance and opportunistic investments in the industrial sector.

    In 2008, Powell became a managing partner of the Global Environment Fund, a private equity and venture capital firm that invests in sustainable energy.

    Between 2010 and 2012, Powell was a visiting scholar at the Bipartisan Policy Center, a think tank in Washington, D.C., where he worked on getting Congress to raise the United States debt ceiling during the United States debt-ceiling crisis of 2011

    In December 2011, Powell was nominated to the Federal Reserve Board of Governors by President Barack Obama.

    Most noteworthy for those who have supported Ron Paul's Audit the Fed bill, on February 9, 2015, at the Catholic University of America, Columbus School of Law in Washington, D.C., Powell devoted an entire speech to attacking the bill.

    Some snippets:

    With this Trump nomination, the establishment remains fully in control and it is clear the Fed will continue to do whatever it can to keep Ron Paul's thoughts and ideas on monetary policy outside the halls of Congress

    Reprinted with the author's permission from EconomicPolicyJournal.com

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