A former GOP representative has called on the party to rebel against the recent economic decisions made by Donald Trump.
Adam Kinzinger urged the party to push back against the decision of one Trump appointed investigator to open an investigation into the Federal Reserve chair, Jerome Powell. The New York Times reported on Sunday that Jeanine Pirro, U.S. Attorney for Washington, D.C., opened an investigation into Federal Reserve Chairman Jerome Powell last November.
Powell said in a statement later that day that he had received a subpoena to testify before a grand jury about statements he made last June during a Senate committee hearing. He described the subpoena as “ongoing pressure” from the president to end the Federal Reserve’s independence.
In a video uploaded to his YouTube channel, Kinzinger, a US House Rep for Illinois from 2011 to 2023, urged Republican Party members to stand firm against the subpoena and Trump’s influence.
He said, “This was only done for one reason, and one reason only. Donald Trump has been wanting Jerome Powell to cut interest rates and Jerome Powell and the Federal Reserve board’s job and charter is not to do what Donald Trump wants, it’s to do what they need to do to stabilize the money, to ensure as much employment as they can.”
“When you cut interest rates, more money goes out into the economy and if you have an inflation problem, inflation increases, when you have out of control inflation, you have to raise interest rates to reign that money in and combat inflation.”
Kinzinger added the Federal Reserve are “doing what they need to do” so inflation does not rapidly increase. Trump has since taken legal action against the economic body, Kinzinger says, because they won’t “do what he wants”.
The ex-GOP member said, “This is utterly insane. It’s utterly unethical. This is the moment that the elected Republicans have to make a decision. The vast majority of them out there have done nothing but bow and acquiesce to Donald Trump every day. Everything he wants, they do it.”
“As a member of Congress, your job is not to do what Donald Trump wants. Your job is to do what’s right. Your job is to represent your district. If you know anything about the Constitution… it’s that Congress has, as a whole, the same power as the president. You’re not supposed to roll over and do what he wants.”
“So every Republican has a chance right now to save any shred of decency or morality they have. You need to speak out and oppose this, and you need to make it clear that you will oppose every single one of Donald Trump’s priorities in the Senate or the House until they throttle back on this.”
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