Is it time to end the Federal Reserve's "independence"?

[BellaJones]

With the recent news about the DOJ investigating Powell over the HQ renovations, it seems the clash between the White House and the Fed is reaching a breaking point. Trump wants lower rates for the midterms, Powell is holding firm.

My question is: Why should an unelected board have more power over our wallets than the person we actually voted for?

 

[kyzr]

With the recent news about the DOJ investigating Powell over the HQ renovations, it seems the clash between the White House and the Fed is reaching a breaking point. Trump wants lower rates for the midterms, Powell is holding firm.
My question is: Why should an unelected board have more power over our wallets than the person we actually voted for?

Welcome aboard newbie. You need a link for your OP, (opening post).
Copy this one or put yours up while you can still edit, or a moderator will close your this thread.

DOJ investigation of Fed Chair Powell sparks backlash, support for Fed independence

The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell has sparked a backlash that may undermine the White House’s goals.

apnews.com

Because politicians are not economists. Politicians always lower rates to juice the economy then when inflation hits because of a "bubble" the economy tanks and then rates need to be raised which creates more problems. Its better to keep inflation at about 2% and let the politicians make excuses. A better question is, why the Fed and the House don't address the $39T DEBT?

 

[kyzr]

Is this why China wants 600,000 student visas???? To make US citizens??

 

[luiza]

My question is: Why should an unelected board have more power over our wallets than the person we actually voted for?

Because until now Deep State has had the power and resources to keep the Sheeple Herd at a safe distance and at bay.

Now the US Regional HQ is bankrupt ( which means western Europe plus others as well } and, whether deserved or not , the Federal reserve will be the sacrificed institution used as the reason to re-set the whole financial system .

That is , the cyclical nature of our debt system has come full circle .

Trumpfy cannot delay the end for long though he is desperately trying to create fresh collateral to keep the tail wagging a little longer ---- Venezuelan Oil and Greenland mineral deposits are obvious examples of this .

I have been waiting for him to announce the monetisation of all US natural but so far undeveloped resources, regardless of their location and existing legislation .
This would create " imaginary" paper assets on which to continue repaying existing Debt and finance further borrowing through Bonds/ Treasury notes .

Super Monopoly to spell - bind the dear little Sheeplets .
.

 

[Etymology gaslight]

With the recent news about the DOJ investigating Powell over the HQ renovations, it seems the clash between the White House and the Fed is reaching a breaking point. Trump wants lower rates for the midterms, Powell is holding firm.

My question is: Why should an unelected board have more power over our wallets than the person we actually voted for?

What do you think ?

 

[Etymology gaslight]

Welcome aboard newbie. You need a link for your OP, (opening post).
Copy this one or put yours up while you can still edit, or a moderator will close your this thread.

DOJ investigation of Fed Chair Powell sparks backlash, support for Fed independence

The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell has sparked a backlash that may undermine the White House’s goals.

apnews.com

Because politicians are not economists. Politicians always lower rates to juice the economy then when inflation hits because of a "bubble" the economy tanks and then rates need to be raised which creates more problems. Its better to keep inflation at about 2% and let the politicians make excuses. A better question is, why the Fed and the House don't address the $39T DEBT?

What are u the fuckin' hall monitor ?
It's a nice post med thread
U
Should be thanking her for showing up.

 

[dblack]

With the recent news about the DOJ investigating Powell over the HQ renovations, it seems the clash between the White House and the Fed is reaching a breaking point. Trump wants lower rates for the midterms, Powell is holding firm.

My question is: Why should an unelected board have more power over our wallets than the person we actually voted for?

I'm an end-the-fed guy, but ...

The only thing that would be worse than an unelected board regulating interest rates would be giving that power to politicians.

 

[Etymology gaslight]

With the recent news about the DOJ investigating Powell over the HQ renovations, it seems the clash between the White House and the Fed is reaching a breaking point. Trump wants lower rates for the midterms, Powell is holding firm.

My question is: Why should an unelected board have more power over our wallets than the person we actually voted for?

Go bella ! you have friends here !

 

[Etymology gaslight]

Welcome aboard newbie. You need a link for your OP, (opening post).
Copy this one or put yours up while you can still edit, or a moderator will close your this thread.

DOJ investigation of Fed Chair Powell sparks backlash, support for Fed independence

The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell has sparked a backlash that may undermine the White House’s goals.

apnews.com

Because politicians are not economists. Politicians always lower rates to juice the economy then when inflation hits because of a "bubble" the economy tanks and then rates need to be raised which creates more problems. Its better to keep inflation at about 2% and let the politicians make excuses. A better question is, why the Fed and the House don't address the $39T DEBT?

You close this thread i'm gone.
& i'll take your crowd with me.

 

[dblack]

You close this thread i'm gone.
& i'll take your crowd with me.

Dayumn! That's bold talk.

 

[Etymology gaslight]

Is this why China wants 600,000 student visas???? To make US citizens??

I stand corrected & i apologise
I thought u were a moderator.

 

[Etymology gaslight]

Dayumn! That's bold talk.

Yeah what the **** !!
thank you.

The overlords of dogooderism should the the post.
Everyone is terrified of this place that's why im trying to merge it.

But god enough rules & links & shit.
Just post relax & enjoy ?

 

[Etymology gaslight]

Dayumn! That's bold talk.

This is the only the 2nd "love emoji"
i've ever let go.

 

[Independent thinker]

With the recent news about the DOJ investigating Powell over the HQ renovations, it seems the clash between the White House and the Fed is reaching a breaking point. Trump wants lower rates for the midterms, Powell is holding firm.

My question is: Why should an unelected board have more power over our wallets than the person we actually voted for?

I just have a statement that anyone who ever thought the fed was "independent" is delusional. If we want to make the stupid claim that they are independent then we should make it so that they are not appointed by partisans. If you are appointed by partisans then you are not independent.

 

[Etymology gaslight]

I just have a statement that anyone who ever thought the fed was "independent" is delusional. If we want to make the stupid claim that they are independent then we should make it so that they are not appointed by partisans. If you are appointed by partisans then you are not independent.

The chair is nominated bro.
By potus.

 

[Etymology gaslight]

I'm an end-the-fed guy, but ...

The only thing that would be worse than an unelected board regulating interest rates would be giving that power to politicians.

Me too
They've always been
the area 51 of American money.
I heard global warming hust
drowned fort knox.

 

[dblack]

Me too
They've always been the area 51 of American money.

Well, all righty then.

 

[Etymology gaslight]

Well, all righty then.

Actually it's advise & consent.
Google is wrong, it's never been advice

 

[kyzr]

You close this thread i'm gone.
& i'll take your crowd with me.

Rules are rules, you can go when and where you want.
Just giving a hint before someone closes it and she has no clue why.

 

[kyzr]

I stand corrected & i apologise
I thought u were a moderator.

No problem. I'm just a hall monitor. <g>