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Isn't the Fed taking directions from whatever administration is in power? Or do they have their own independent agenda? I think it's more the former, leading t
by audleman 4y ago
Isn't the Fed taking directions from whatever administration is in power? Or do they have their own independent agenda?
I think it's more the former, leading to a circular argument on where the blame for that 60% lies.
- colinmhayes 4y ago> Isn't the Fed taking directions from whatever administration is in power? No, the Fed is an independent entity similar to the supreme court. The president could fire the chair and install someone new, but I don't believe that has ever been done.