Author Topic: THE FED  (Read 2247 times)

Mackin USA

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THE FED
« on: November 13, 2016, 12:12:47 PM »
Mr. Reagan asked Mr. Volcker why the country needed a central bank. He apparently found the answer convincing. Like other presidents in recent decades, he decided the Fed was reasonably effective and useful as a scapegoat. And in 1983, he nominated Mr. Volcker for a second term.

Mr. Trump’s intentions are unclear in part because there is a tension between his personal preferences and his political commitments. He is a borrower who now heads the political party that has long represented the interests of lenders.


http://www.nytimes.com/2016/11/13/business/economy/trump-the-fed-yellen-gets-ready-for-reckoning.html?_r=0
Mr. Mackin

Mackin USA

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Re: THE FED
« Reply #1 on: November 14, 2016, 04:24:25 PM »
According to the Wall Street Journal, Trump could change the formation of the Fed over the next 18 months, during which seven vacancies will be available in the bank's board of governors.

He might also be willing to work with the GOP-controlled Congress to rewrite the laws governing the Fed's structure and disclosures, possibly embracing proposals central bank officials have seen as threats to their policy-making independence, the newspaper reported.
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