File 030970
Email Chain About Federal Reserve Leadership and Economic Policy (File 030970)
December 2018 email exchange between Steve Bannon and J regarding Federal Reserve Chair Jerome Powell, Treasury Secretary Steven Mnuchin, and discussions about removing federal leadership, touching on economic policy and cybersecurity concepts.
Summary
This email chain from December 22, 2018, discusses the potential removal of Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin. The correspondent 'J' argues that Powell lacks market understanding and that the Federal Reserve should be viewed as a strategic weapon requiring sophistication. The exchange references outdated economic concepts, cybersecurity as a weapon, and mentions other Trump administration figures including Jared Kushner, Ivanka Trump, Secretary of State Mike Pompeo, and Ambassador Heather Wilson.
From: J [jeevacation@gmail.com]Sent: 12/22/2018 3:44:28 PMTo: Steve BannonSubject: Re: Trump has discussed firing Fed chief after latest interest rate hike: report I TheHillno, mnuchin is ok. . its simple , 15 yrs ago. the geriatrics understood that the internet waslike telephones. connections only, then my nerds taught them thaat cyber is a weapon. , same with thefed. . its a weapon to be used with sophistication. . inflation is a concept from the 50s , before the internet setinstantaneious info around the world.. s0000 dumbOn Sat, Dec 22, 2018 at 10:40 AM Steve Bannon < wrote:Can u get rid of Powell or really get rid of mnuchinOn Dec 22, 2018, at 10:35 AM, J <jeevacation@gmail.com> wrote:getting rid of powell much more important than syria /mattis. . I guess pompeo , only one left. . unlessambassador heather has a brilliant idea. - a first. . jared and ivanka, need to go. !!!On Sat, Dec 22, 2018 at 10:31 AM Steve Bannon < wrote:LMAOPerfect mnuchin hitOn Dec 22, 2018, at 9:22 AM, J <jeevacation@gmail.com> wrote:In 1993, Powell began working as a managing director for Bankers Trust, but he quit in 1995 after the bankgot into trouble when several customers suffered large losses due to derivatives. He then went back to workfor Dillon, Read &he didnt understand the markets 25 years ago. obama appointed him to the board, what else do you guys need to knowOn Sat, Dec 22, 2018 at 8:21 AM Steve Bannon < wrote:http s ://thehill. com/p o licy/finance/422577-trump-c onsidering-firing-federal-res erve-chi ef-after-latest-interest-rate-hikeplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, andHOUSE OVERSIGHT 030970destroy this communication and all copies thereof,including all attachments. copyright -all rights reservedplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 030971