Trump needs to just put an end to the Federal Reserve all together!
She is Maxine Waters PRBF love child. No?
Now that would be something but I doubt congress would ever go along with it.
Yes, abolish the FED, what part of the stated goals of the FED Charter have they actually accomplished? Moderate inflation? NO. Moderate or prevent wild economic swings? NO. Moderate significant changes in employment? NO. They are nothing but a political tool and a profit center for the wannabe wealthy but they can’t even do that right having lost money the last year
The Federal Reserve’s mission is to promote the U.S. economy’s health and financial stability through its three key objectives set by Congress: maximum employment, stable prices (low inflation), and moderate long-term interest rates.
I listened to all of Powell’s presentation at Jackson Hole the other day. He said as close to nothing as he possibly could. Payne on Fox had a similar assessment. Powell did typical economist speak,
“on the one hand this, on the other hand that.” In other words, they don’t know a thing about the future path of the economy. Their crystal ball is not much or any better than anyone’s.
Abolish the FED. We should be able to do better.