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This is why the Fed is apolitical. Their concern isn't with economic performance it's simply with full employment and inflation most and foremost. Even if it is
by akhatri_aus 10y ago
This is why the Fed is apolitical. Their concern isn't with economic performance it's simply with full employment and inflation most and foremost. Even if it is at the cost of poor economic performance - infact that is the goal, thereby reducing inflationary pressure.
- gozur88 10y agoThe Fed isn't anywhere near as apolitical as it pretends. Fed chairmen are appointed by the president, after all, and approved by the Senate, just like any other high level political appointee.