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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (50674)	1/30/2026 11:57:06 AM
From: IC720	4 Recommendations Recommended By GUNSNGOLD Hugh Bett isopatch tntpal Respond to of 50730

?? "The Federal Reserve is appointed by politicians, confirmed by politicians, and ultimately exists to support government financing." Powell Concerned Over Central Bank Indepedence World War I forced the Fed to abandon its original mandate and become a funding arm of government debt. From that moment forward, independence ended. If it were truly independent, it would refuse to monetize debt. Instead, it has enabled the largest expansion of government liabilities in human history while claiming neutrality. This is why the entire debate between “Fed independence” and “political control” is a distraction that neither can control inflation, and confidence itself is eroding. I do not agree with Trump that political leaders should control the Federal Reserve or dictate monetary policy. That would be a serious mistake. Politicians operate on short election cycles and will always favor policies that produce immediate results, regardless of the long-term consequences. However, that does not mean the Federal Reserve is genuinely independent, nor does it mean that its structure has “served the people well,” as Powell claims. The Federal Reserve is appointed by politicians, confirmed by politicians, and ultimately exists to support government financing. Its primary function today is to ensure that government debt can be issued and serviced. If it were truly independent, it would refuse to accommodate endless deficit spending. It does not. Instead, it responds to fiscal excess by monetizing debt and then pretending inflation is something mysterious beyond its comprehension.