"The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President."
Thank you, Mr. Powell. We really want interest rates set to serve the people, not the whims of the President.
You had a comment to explain the poor take and instead do the equivalent of point and laugh. Can you help but wonder as onlookers question what your point might have been? People undoubtedly think this way, and to discount wholesale their line of thinking without engagement does not win hearts and minds.
why? asset holders in this country have a free fed put, wage earners get smashed in the face. you can make a solid case this institution is more harmful and free banking is much better for wealth equality.
Thank you, Mr. Powell. We really want interest rates set to serve the people, not the whims of the President.