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Because someone at the top with a limited grasp of economics but a great understanding of campaigning insisted on it.
by wonderwonder 7y ago
Because someone at the top with a limited grasp of economics but a great understanding of campaigning insisted on it.
- lonelappde 7y agoThe Fed is independent of the Executive except at appointment time.
- wonderwonder 7y agoTheoretically yes, but all except one are Trump appointees and the main thing he looks for is loyalty. In addition, the threat of getting publicly hammered and humiliated by the president is often enough to make someone think twice before not doing what he asks.
- jjoonathan 7y agoLike the Judiciary is independent of the Executive and provides a check and balance to its power?
- AnimalMuppet 7y agoActually, yes. The judiciary does provide a check to executive power - just not as often as the press tells you it should.
- jjoonathan 7y agoI didn't buy that in grade school civics and I buy it even less today. No enforcement authority = no authority. It's really that simple. Strongly worded letters are pointless in a world where someone can hold them up, shout "Complete Exoneration!", and have their media apparatus repeat it until their followers believe it.
- Mountain_Skies 7y agoSounds like the Federal Reserve needs a backbone if they're so willing to change a major component of fiscal policy due to a few words.