[Pelham]

Presidents making the Fed their whipping boy is a favorite pastime.

Politicians will always want easy money. But constant easy money creates inflation.

The Federal Reserve Board originally included two members from the Treasury Dept. The FRB has changed in size and membership over the years.

[nickcarraway]

Yes, they do. But for the last 25 years, the Fed has been too accommodating with easy money. That’s where we get inflation.

[dynoman]

The FED creates easy money too;

Jerome Powell in 2020:

“We print money digitally. So we as a central bank, we have the ability to create money digitally & we do that buying treasury bills or bonds.

We also print actual currency & we distribute that through the Federal Reserve Banks.”pic.twitter.com/9uAzyOVc6A— Juan Hodl (@JuanGutiCA714) March 3, 2024