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re: UPDATE: Fed Chair Yellen is testifying live on CNBC now. (9:34 am, 2/11/16)
Posted on 2/10/16 at 10:35 am to Bernie_Madoff
Posted on 2/10/16 at 10:35 am to Bernie_Madoff
Can you imagine the cluster frick if congress gives itself authority to review and approve monetary policy decisions?
3
Posted on 2/10/16 at 10:37 am to LSURussian
quote:I imagine it would be a fairly simple formula of "raise rates during divided government, lower rates otherwise"
Can you imagine the cluster frick if congress gives itself authority to review and approve monetary policy decisions?
Posted on 2/10/16 at 10:38 am to LSURussian
A black congressman asking how the Fed can pressure banks more to lend to minority businesses and to more aggressively implement the CRA.
Posted on 2/10/16 at 10:40 am to LSURussian
It would be a mess and would be a tool to screw over the other party. A democratic congress projecting a republican takeover could raise rates and then 2 years later shout "look the economy tanked! UE is up and credit is tight! No growth!"
If people think our government is corrupt now...
If people think our government is corrupt now...
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