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About the supposedly independent Fed...

Daily Pundit quoting Wasll Street Journal

“There’s even an argument that the election itself falls within the Fed’s purview,” Mr. Dudley writes. “After all, Trump’s reelection arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives. If the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020.”

I remember when they told us how important it was that the Fed be independent. And then when they told us how important it was for the Fed to print endless trillions for Obama's 8-year "stimulus" package. Now, they are admitting they aren't at all independent and are prepared to swing the election by crashing the economy if they can.

This entry was published Thu Aug 29 06:47:22 CDT 2019 by TriggerFinger and last updated 2019-08-29 06:47:22.0. [Tweet]

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