I thought the Federal Reserve was not Political and Independent

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Federal Reserve is not political

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Of course it is political, they are appointed by politicians and are part of the establishment in this country...

Before the Federal Reserve (1913) congressional overspending (deficits) was controlled by the people. We had veto power on how much overspending that congress could spend by simply not buying federal government bonds (debt).

Then they created the Federal Reserve. The Federal Reserve removed veto power from the people against congressional overspending. After the Federal Reserve it did not matter how much congress overspent, the FR was going to support congressional overspending by printing money and buying federal debt.

There is a reaction to this system and it's inflation. But people don't immediately feel inflation. We are like frogs in a heating up pot of water. It takes a minute to feel it.

However if there were no central bank bailing out congress, congress would immediately get feedback from the people about their overspending.

But now, the Federal Reserve protects congressional grifters.

"I was the chairman of the council of economic advisors"

He says that like that makes him the smartest person in the world concerning economics.

Anyone that claims interest rates should move lower and if they aren’t, the Fed are partisan hacks, is a dumbass partisan hack

The feds are partisan hacks

Look no further than the previous fed chair, Janet Yellen, and how she tried to sabotage refi’s on the debt. Powell might be your hero, but he is just another partisan hack

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not Political and Independent

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You've proven that English is not your native language, but "political" and "independent" are not the same thing when it comes to monetary policy.

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Here is Austan Goolsbee President of the Chicago Federal Reserve Board spewing lies during Trump's first term.

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In fairness, that was pre-FOMC. Goolsbee has been exceptionally professional and non-partisan in his commentary since his appointment to the Chicago Federal Reserve Board and FOMC.

I know you'd not know that, because you don't follow this stuff closely.

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I keep hearing people with TDS claim that the Fed is non political and Independent

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This is code word for "no conservatives or adherents to Christianity."

Video is from 5 years ago...when did he start working for Chicago again?

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Goolsbee has been exceptionally professional and non-partisan in his commentary since his appointment to the Chicago Federal Reserve Board and FOMC.

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