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- cross-posted to:
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cross-posted from: https://beehaw.org/post/24179103
Federal prosecutors have opened a criminal investigation of Federal Reserve Chairman Jerome Powell, he confirmed on Sunday evening.
Powell said the probe was the result of the Fed “setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of” President Donald Trump.
Terrible precedent that will harm our economy’s ability to recover from high unemployment or inflation.
Powell’s statement is worth a read
Maybe not. It takes a lot longer and greater resources to build something than to destroy it.
Roosevelt did pretty well in 100 days
The federal government and the US as a whole were very different beasts in those days.
I guess when enough things are broken you do whatever it takes.