Skip to comments.Ex-Federal Reserve Official Bill Dudley Calls on Fed to Manipulate Economy to Stymie Trump’s Reele
Posted on 08/27/2019 10:58:57 PM PDT by bitt
Former New York Fed President Bill Dudley on Tuesday called on the Federal Reserve to manipulate the economy to stymie President Trumps reelection. Dudley made the plea in an op-ed published by Bloomberg News. Dudley argued that Trumps effort to reset trade with China is hurting the economy and that the Fed should enact policies that hinder Trump and hurt his reelection chances.
President Trump has been fighting the Fed over rising interest rates and a too rapid pullback on quantitative easing that stifled the nascent economic boom stemming from Trumps economic policies and tax cuts. The Fed has since cut interest rates but not enough for Trump who is calling for another one percent reduction and to consider some quantitative easing.
Excerpt from Dudleys op-ed:
(Excerpt) Read more at thegatewaypundit.com ...
We are definitely in uncharted nanner Republic waters....
Mmost important story of today.
Thre bald power, and intent, of the Fed exposed.
Sounds illegal to me. Glad he’s an “ex-FED, Fed”.
Not too strong a word.
I suspect Dudley represents current Fed thinking, but only he can say it.
In his second term, Andrew Jackson abolished the central bank of the United States.
“The Creature from Jekyll Island”
But they called him crazy for saying Yellen made a fed policy to support Obama...
The Fed is confined to a handful of buildings scattered around the country. Sure would be too bad if they were to burn.
We done pass over them waters in April of 1865.
I would say secession again but sadly the entire South has been completely deballed I would then say too hell with it and move Texas but the Republic of Texas, is no more too all we can do is just back let her burn.
Andrew Jackson was a complete POS.
The Romanticizion of that loser far outweighs the real realities of him.
The real South Carolinaian was and is the great John C. Calhoun
Yep - like computers, the Fed doesn’t make mistakes - what they do, they do on purpose....
They caused every recession since they’ve been in effect and decided they like the power to play games with the economy and use it for political purposes.
Disgusting. The wealthy in government ship their millions offshore and to safe investments, while destroying the middle and lower classes to gain political advantage.
The wealthy leftist elite can ride this out better than a lonely retiree can. Why isnt there more outrage at this cry for manipulation? They pounded Reagan for trickledown. This is trickledown mass destruction.
If the FED can manipulate the economy to fail or succeed (as evidenced by this ex-FED official’s statement) for totally political reasons, this is even more reason to get rid of the FED along with the FBI, CIA, Dept. of Education, EPA, et. al!!!
Aside from this being an absolute disgrace, I wonder if this signals a move by POTUS to eliminate the Federal Reserve Note.
This is the perfect excuse to get rid of the fed. End the fed and clawback funds from the feds owners. They owe the american govt over twenty trillion dollars. The entire balance accrued over their stewardship of our currency. Aggressively seize everything from the feds private owners and use it to establish a new sovereign currency backed by gold.
This from someone who has wined and dined on our dime for far too long.
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