With remarkably little fanfare, an enduring progressive political fairytale has been debunked by an insider. The Federal Reserve System was created in 1913 under progressive president Woodrow Wilson, as one of those supposedly politically neutral federal bureaucracies run by technocrats in the interest of the greater good. It was to take monetary policy decisions out of politics and put them in the hands of experts.
Donald Trump is only the most recent POTUS to discover that the Fed wields enormous political power, able to speed up or slow down the economy via its manipulation of interest rates and the money supply. He is far from the first president to complain about the Fed when he perceives it as hampering his growth agenda.
What is different is that one of the top officials of the Fed in recent years has fought back and urged the Fed to operate so as to exert political influence against Trump.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
tenacles of the luciferians?
The Fed is hampering growth by lowering interest rates.
Raise interest rates and put the spending power in the hands of people who will spend the interest on things they need to live on. Not reinvest like the rich in the stock market.
Trump has to GO!
The Fed Bankers run the government.
Not the other way around.
8:00 "Trump has got to go" Trump is going to "go win" in 2020 Lol 😁😂😁😂
TRUMP 2020 MAGA/KAG
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