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Campaign Updates

08/2/2018 | Building a National Campaign for a Strong Economy: Fed Up
Published By:Washington Monthly

The Real Threat to the Fed’s Independence Is Wall Street, Not Trump

“But the real threat to the Fed’s independence isn’t coming from Trump—it’s coming from Wall Street. The Fed’s structural flaws have led to regulatory capture, which compromises its ability to set monetary and regulatory policy in a manner that isn’t tilted to favor those at the very top of the economic ladder. Trump may have broken a norm by commenting on monetary policy, but the Fed’s status quo is unaccountable, opaque decision-making shaped by deep conflicts of interest with the very financial institutions the Fed is ostensibly supposed to supervise.

Read the full article here.