A beautiful gem!!!
Well, the quote has been pertinent for some time now. But, it’s even more relevant now that the “audit the fed” proposal is gaining traction.
It would appear the powers that be are getting nervous. Yesterday, Fed Governor Jerome Powell (and Fisher and Plosser) stepped up the central bank’s push against what he termed congressional efforts to extend political influence over monetary policy, calling them“misguided” and “in violent conflict with the facts.” Today we have Senator Elizabeth Warren trying to sound supportive of transparency but proclaiming that she opposes Rand Paul’s “Audit The Fed” Bill because it promotes “congressional meddling in the Fed’s monetary policy decisions.”
Desperate to appear a huge opponent to Wall Street (and The Fed) Warren begins… (as Bloomberg reports)
while she “strongly” supports greater congressional oversight of Fed’s regulatory and supervisory responsibilities
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