Many have called for an audit of the Fed about their policies, quantitative easing (printing money 24/7). They have been in lock step with the Treasury for some time and that is not a good thing, particularly with a Democratic Administration.
The Fed is audited twice a year. Congress wants more influence in theuir decisions. This could be a significant problem becasue you will have elected offical making monetary policies decision based more on getting re-elected than what is best for the economy. There are very few Congesspeople who have the required knowledge of the economy and monteray policy to be making such decisions.
When will we see the spike in inflation that tends to follow QE and 24/7 printing of money?
You said, “They have been in lock step with the Treasury for some time and that is not a good thing, particularly with a Democratic Administration.” Under which Democratic administrations did the largest (the Great Depression) and the 2nd largest (the Great Recession) financial collapses occur? Oh yeah, they both occurred during Republican administrations.
Many have called for an audit of the Fed about their policies, quantitative easing (printing money 24/7). They have been in lock step with the Treasury for some time and that is not a good thing, particularly with a Democratic Administration.
Agent,
The Fed is audited twice a year. Congress wants more influence in theuir decisions. This could be a significant problem becasue you will have elected offical making monetary policies decision based more on getting re-elected than what is best for the economy. There are very few Congesspeople who have the required knowledge of the economy and monteray policy to be making such decisions.
When will we see the spike in inflation that tends to follow QE and 24/7 printing of money?
You said, “They have been in lock step with the Treasury for some time and that is not a good thing, particularly with a Democratic Administration.” Under which Democratic administrations did the largest (the Great Depression) and the 2nd largest (the Great Recession) financial collapses occur? Oh yeah, they both occurred during Republican administrations.
Gee, what caused the recession?
https://www.youtube.com/watch?v=cMnSp4qEXNM
Just because Bush ws in office when things went bad does not mean it was his fault. Blame Barney Frank and the Democrats.
Dave,
At what point did I place blame or discuss cause?
All I said was that it occurred during a Republican administration. Do you have proof that what I said was incorrect?
I await your apology for failing to comprehend my post correctly.