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“The Fed is an apolitical institution that has no interest in influencing elections or popular culture.”
Citizen Watch Report ^ | Chris Black

Posted on 12/18/2023 6:03:58 PM PST by davikkm

Two things challenge this idea.

First, in August 2019, Former New York Fed President Bill Dudley wrote an opinion column for Bloomberg (www.bloomberg.com/view/articles/2019-08-27/the-fed-shouldn-t-enable-donald-trump) where he insisted that the Fed allow the economy to suffer to prevent then-President Trump from getting re-elected in the 2020 election.

(Excerpt) Read more at citizenwatchreport.com ...


TOPICS: Government; Politics
KEYWORDS: 2019; 201908; billdudley; bs; dudley; fed; federalreserve; frpottymouths; nevertrumpers; politics; warontrump

1 posted on 12/18/2023 6:03:58 PM PST by davikkm
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To: davikkm

What other fairy tales do you have?


2 posted on 12/18/2023 6:07:23 PM PST by TBP (Decent people cannot fathom the amoral cruelty of the Biden regime.)
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To: davikkm

IOW, we don’t care what the American people want, we have other goals.


3 posted on 12/18/2023 6:09:04 PM PST by dblshot
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To: davikkm

Traitor Roberts -

“We do not have Obama judges or Trump judges, Bush judges or Clinton judges,” Mr. Roberts said . “What we have is an extraordinary group of dedicated judges doing their level best to do equal right to those appearing before them.””


4 posted on 12/18/2023 6:09:17 PM PST by Paladin2
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To: davikkm

The Federal Reserve needs to set rules by which it operates.

The US economy should be operated in a rational fashion.


5 posted on 12/18/2023 6:09:26 PM PST by Brian Griffin
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To: dblshot

Get rid of it.-Ron Paul.


6 posted on 12/18/2023 6:09:48 PM PST by DIRTYSECRET
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To: davikkm
"The Fed is apolitical ..."

Baloney ....

7 posted on 12/18/2023 6:10:58 PM PST by Ken522
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To: Paladin2

Chief Justice Roberts must have borrowed Lady Justice’s blindfold.


8 posted on 12/18/2023 6:12:15 PM PST by Brian Griffin
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To: Brian Griffin

“Chief Justice Roberts must have borrowed Lady Justice’s blindfold.”

More like ripped from her and burned it.

The Fed is highly political in support of ‘Rats and undermining ‘Rat opposition.


9 posted on 12/18/2023 6:15:54 PM PST by Paladin2
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To: davikkm

The Federal Reserve is not capable of doing what should be left to Congress to do.

It is up to Congress to regulate (ensure by regulation the smooth running) of commerce.


10 posted on 12/18/2023 6:18:37 PM PST by Brian Griffin
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To: davikkm
“The Fed is an apolitical institution that has no interest in influencing elections or popular culture.”

:ting ting ting:

Aw look they are pulling the one with bells on it!

11 posted on 12/18/2023 6:20:11 PM PST by Harmless Teddy Bear ( In a quaint alleyway, they graciously signaled for a vehicle on the main road to lead the way. )
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To: Paladin2

If the law schools are infested with Communists the courts will be too.

Legal education is badly in need of reform.


12 posted on 12/18/2023 6:21:00 PM PST by Brian Griffin
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To: davikkm

quotation:

Perhaps the most frequent metaphor for the Federal Reserve’s role in managing the economy involves a punch bowl and a party. Although it is often paraphrased, the actual quote is “The Federal Reserve…is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.” In October 1955, Fed Chair William McChesney Martin, Jr. delivered a speech to the New York Group of the Investment Bankers Association of America. In that speech, Martin described the job of the Fed as one that requires precautionary action. He acknowledged that this precautionary action to prevent too much inflation was bound to have some onerous effects. The Fed does not expect businesses or consumers to be happy about its actions, but it is still the Fed’s job to be the adult in the room.

https://fraser.stlouisfed.org/blog/2016/03/martins-punch-bowl-metaphor/


13 posted on 12/18/2023 6:25:22 PM PST by Brian Griffin
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To: davikkm
"The Fed is an apolitical institution that has no interest in influencing elections or popular culture.”

The Federal Reserve is a political institution that makes political decisions just like the legislature and courts. Its voting board members are nominated by the president and approved by the Senate. It's current membership is four Democrats and three Republicans.

14 posted on 12/18/2023 6:25:46 PM PST by Right_Wing_Madman
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To: davikkm

the “FED” is an anonymous group of private owners who in defiance of the plain text of our constitution counterfits our currency at interest plus species that was and is a debt trap from beggining to end.

as such it is the ultimate lever to dictate to and control both politics and culture.

spit.


15 posted on 12/18/2023 6:31:19 PM PST by cuz1961 (USCGR Vet, John Adams Descendant , deal with it.)
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To: davikkm

That’s certainly the way it was supposed to work, but every institution is completely corrupted by power politics.


16 posted on 12/18/2023 6:46:40 PM PST by Salman (It's not a slippery slope if it was part of the program all along. )
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To: davikkm

On paper. In practice it is pure evil beyond redemption.


17 posted on 12/18/2023 6:50:18 PM PST by Manic_Episode (A government of the government, by the government, for the government)
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To: DIRTYSECRET

I with Trump would appoint him as head of the FR...and have the biggest audit...EVER.


18 posted on 12/18/2023 7:07:37 PM PST by RushIsMyTeddyBear ("Equity" = "All animals are equal. Some animals are more equal than others.")
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To: davikkm

Still more #ComDem_LIES


19 posted on 12/19/2023 5:35:32 AM PST by Texas Fossil (Texas is not about where you were born, but a Free State of Heart, Mind and Attitude.)
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To: davikkm

I had to check to see if that headline was from the Babylon Bee.


20 posted on 12/19/2023 6:45:31 AM PST by wintertime ( Behind every government school teacher stand armed police.( Real bullets in those guns on the hip!))
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