You’re doing it wrong Wall Street crusader. This just shows how little the progressive side of the anti-Wall Street crowd understands central banking, and who runs that central bank (Hint: It’s Wall Street). Hilarious in its depression.
Warren states: “But I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy.”
Yes, because the Fed’s monetary policy decisions of the last 100+ years haven’t been politicized (lower interest rates to pay for wars, housing bubbles, wasteful spending, bailouts to Wall Street). The board of the Fed is run by ex-Goldman Sachs and JP Morgan Chase executives. Hell, the bank was founded by members of JP Morgan Chase and other banking interesting in 1913 (Creature from Jekyll Island). Yes, a privately owned bank lending dollars to the American government. That sounds like a progressive’s nightmare. But they seem to like it. They always have. Ask Woodrow Wilson.