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re: Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says
Posted on 4/26/24 at 9:35 am to momentoftruth87
Posted on 4/26/24 at 9:35 am to momentoftruth87
quote:
So a govt agency should just do what it wants against the president’s plan?
It's not a government agency and monetary policy does not fall under the purview of the president
quote:
Does this mean y’all will stop blaming Trump for the deficit if he shouldn’t have any responsibility tied to it?
What?
1
Posted on 4/26/24 at 10:10 am to Lou Pai
quote:
It's not a government agency and monetary policy does not fall under the purview of the president
If it's not a government agency, then it should not have (and it's unconstitutional for it to have) governmental powers.
If it is a government agency, then it must be under the control of the President.
It is, of course, a government agency, given that it was created by Congress, empowered by Congress, serves as the bank for the U.S., distributes the U.S.'s currency, sets interest rates, and imposes regulations on private banks. Anything that acts as a regulator and has regulatory powers is a government entity.
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