There
always has been anger against the Federal Reserve. The idea of a
quasi-government agency, the head of which is appointed by the
president, independent of congressional influence, has always been
suspect.
The
role of the twelve regional Fed banks has also been questioned. They
are overseen by private-sector boards of directors, composed mainly of
commercial bankers. That never pleases the Left.
Dodd-Frank
financial regulation has, in effect. tilted the influence on the Fed in
many ways, giving the executive branch of government much more power
that it ever had.
Recent
actions show a bias toward administration easy money policies that
foster inflation that the fed is supposed to help counter. (See the Earl
J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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