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The Fed is nominally independent of the government. Ideally they should be working together with the government providing more stimulus and jobs to bridge an e
by craigyk 11y ago
The Fed is nominally independent of the government. Ideally they should be working together with the government providing more stimulus and jobs to bridge an economic slump (also doing something about student loans, as you mentioned). Unfortunately government policy is driven as much by fear and ideology as by rationality, so we are mostly limited to what the Fed can do by setting interest rates.
- 6stringmerc 11y agoThough it carries some tinfoil hat like connotations, I'd say the Fed is almost more independent of the US government than Goldman Sachs (& Wall St. in general), which should be scary on an entirely different level.