“Monetary Methadone” Is Running Out, Crash Looms
Fmr. Fed Governor Proposes Using the Federal Reserve as a Political Weapon https://t.co/TLqzisJvCA
— Money Metals (@MoneyMetals) August 31, 2019
Fmr. Fed Governor Proposes Using the Federal Reserve as a Political Weapon
Fed policymakers are supposed to stay out of politics and make their decisions based solely on the economic data before them. But it would be naïve to believe they don’t harbor political biases.
They have been under relentless attack by President Trump. They see his attacks as posing a threat to the so-called “independence” of the Federal Reserve. They may even fear that if he is re-elected he will threaten the existence of the Fed as an institution.
