Courtesy of Pam Martens
Congresswoman Katie Porter Holds Up a Photo of Fed Chair Powell Attending a Lavish Party at the Home of Jeff Bezos, One of the World’s Richest Men and CEO of Amazon
By Pam Martens and Russ Martens
The most sizzling moment thus far today in the House Financial Services Committee hearing with Federal Reserve Chairman Jerome Powell was a line of questioning by Congresswoman Katie Porter of California.
Porter began by reminding Powell that he had “frequently spoken about wanting to maintain the independence of the Federal Reserve.” She then asked: “Do you still have that belief?” Powell said he did.
Porter then held up a photo of Powell in black tie and asked where the photo was taken. He said it was at a party following the Alfalfa Dinner at the home of Jeff Bezos. Porter then made Powell indicate that the photo was recent, sometime in late January of this year. Porter looked squarely at Powell and stated:
“Can you imagine how attending a lavish party at Jeff Bezos’ $23 million home, along with Jared and Ivanka and the CEO of JPMorgan Chase, Jamie Dimon, might give off the sense to the public that you are not in fact immune from external pressures.”
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