Forget Trump vs Powell — Ted Cruz wants to abolish the Fed as we know it

WASHINGTON — This week’s dust-up over the Justice Department investigation into Federal Reserve Chair Jerome Powell isn’t just unprecedented, it’s also unwarranted — at least according to Sen. Ted Cruz (R-TX) and other leading right-wing voices.

To Cruz and co, Powell should have gotten the boot on day one of President Donald Trump’s second term.

“The notion of independent agencies is inconsistent with the Constitution,” Cruz told Raw Story at the U.S. Capitol this week.

Cruz...