FED SHOCK: Jerome Powell could stay beyond end of his term

• Senator Cramer advocates for the CLARITY Act to increase transparency and oversight of the Federal Reserve's balance sheet and emergency lending facilities.
• The discussion explores the potential for Jerome Powell to remain involved with the Federal Reserve, even after his chair term, to ensure continuity and manage the balance sheet.
• Cramer expresses concerns about the Fed's current level of power and lack of accountability, emphasizing the need for legislative reform.

Senator Kevin Cramer discusses the CLARITY Act, aiming for greater Federal Reserve transparency, and the possibility of Jerome Powell remaining at the Fed beyond his term. The conversation highlights concerns about the Fed's power and the potential for Powell's continuity to provide stability, particularly regarding the balance sheet.