America 1919-Chapter 921 - 314, Federal Reserve_3

Donnie made a promise to Daniel Krisinger.

Although Daniel Krisinger, like his close friend Harding, was known as one of the most unsuccessful presidents in the history of the Federal Reserve, Daniel Krisinger didn’t see it that way himself.

So, under Donnie’s promise, and knowing that once Donnie became a member of the Federal Reserve Board, he would support him, Daniel Krisinger had no objections to this matter!

"Dear Donnie, I will now formally submit an application to the White House and Congress!"

Donnie smiled, this was the sentence he had been waiting for from Daniel Krisinger.

Now, he had cleared all the obstacles to joining the Federal Reserve!

Daniel Krisinger’s actions were very swift, and his application quickly reached the White House.

Donnie, at this time within his New York estate, received a call from Coolidge.

Coolidge stated that he had already agreed to Daniel Krisinger’s application, and the next step would be the Senate’s review!

Donnie’s development was so rapid that even Donnie hadn’t had time to form numerous strategic alliances with many senators in both houses of the United States, so Donnie had previously entrusted Morgan and Rockefeller with this matter.

Both of them indeed used their connections for this matter.

By the beginning of November, the Senate’s review was passed.

Donnie formally became one of the Federal Reserve’s board members.

This was only Donnie’s first step into the Federal Reserve.

However, after Donnie became a member of the Federal Reserve Board, it still caused a significant stir.

Especially on Wall Street.

The slightest change in the Federal Reserve can directly affect the direction of the Wall Street stock market.

This time was no exception, as with the public announcement of this matter, the most apparent change was regarding the listed companies ABC and Sinclair Oil, both affiliated with Venus Bank; the stock prices of both companies rose to varying degrees on that day.

Additionally, numerous American newspapers and media sent interview invitations to Donnie.

Donnie didn’t want this matter to have too much impact. Although Donnie’s joining the Federal Reserve Board was enough to support anyone’s suspicions, Donnie’s current development strategy was to keep everything low-key.

Lest he becomes a target.

So, Donnie rejected these media’s interview invitations.

To this end, Donnie even expended funds to ensure these media outlets wouldn’t report too excessively on this matter.

Unfortunately, the impact of this matter was too significant.

The "Wall Street Journal" even released a special report on this.

Naming Donnie’s appointment to the Federal Reserve Board as one of the significant events that would influence the United States’ financial development in the upcoming decades!

Of course, after reporting this news, the "Wall Street Journal" did not charge Donnie any public relations fees!

However, in this matter, it was the Warburg Family and the Rothschild Family far in Europe that were most surprised.

Their astonishment sustained as the events continued to unfold.

Though both families realized that Donnie joining the Federal Reserve Board was an unstoppable matter, they believed it would take Donnie at least a year or two of operations to accomplish it.

They did not expect Donnie to complete it so swiftly.

However, due to entangled interests, despite Donnie progressing far beyond their expectations, they still supported Donnie in various voting choices.

During this time, Donnie reciprocated by supporting Daniel Krisinger, in alliance with Morgan, Rockefeller, announcing at the first opportunity that they would participate in this year’s annual Federal Reserve meeting!

With the support of these three, the other member banks stopped observing and began responding actively!

"Congratulations on finally becoming a member of the Federal Reserve Board!"

Walker promptly sent his congratulations to Donnie.

Donnie didn’t look too thrilled: "Becoming a member of the Federal Reserve Board is just the first step; there is still a long way to go before reaching our plan!"

Walker stated: "You might have to wait until next year to enter the Federal Advisory Council!"

Next year is the year for the re-election of the Federal Advisory Council members.

Donnie nodded: "Of course, I’m aware of that, but the next crucial step is to have the Federal Reserve issue new stock, so Venus Bank officially becomes one of the Federal Reserve’s shareholders!"

Merely being a board member is insufficient; even if Donnie continues to serve, it’s just a figurehead role.

To truly achieve the status of the Morgans, Rockefellers, Warburgs, and Rothschilds in the Federal Reserve, Venus Bank must possess shares in the Federal Reserve.

Walker nodded: "I don’t think this matter will be too difficult; after all, the core of your prior discussions with the other families is precisely this, not just being a member of the Federal Reserve Board!"

Donnie laughed: "Until things are settled, there will always be some issues." freeωebnovēl.c૦m

Donnie’s concerns were necessary; in fact, during this period, correspondence between the United States and Europe was rapidly exchanging.

Letters between the Warburg Family and the Rothschild Family, and between the Rothschild Family and the Morgan, Rockefeller families.

In reality, they were internally discussing whether or not to introduce Venus Bank as a Federal Reserve shareholder.

In this matter, Jack Morgan first conveyed the message to Donnie.

"Since we’ve already decided to tie ourselves with Donnie, let’s not make these little moves!"

This is what Jack Morgan said to his son during a chat.

After receiving a call from Jack Morgan, Donnie expressed his gratitude to him.

Soon after, Junior Rockefeller’s call came, informing Donnie of this event.

Donnie likewise expressed his gratitude to Junior Rockefeller.

With these two calls, the matter of Venus Bank becoming a Federal Reserve shareholder was truly settled!