It is apparent that everything the Fed does in the near term will be out of the book of public choice, i.e. for(a) their self interest, (b) their party, (c) to to maintain their power and perks, and finally (d) if anything left to do what is right for the citizenry. But what can they do for a, b, and c above?

Certainly a strong statement above the necessity of independence from political interference. But what else? How to humiliate the President Elect, maintain the humorous chair in power?

Roger Arnold writes: 

Your elucidation of the Fed's priorities, although accurate, are leading in your query. I wonder why. The questions you follow with stumble out of your assumptions but without explanation like someone falling down a flight of stairs. I've noticed this with many of your posts here since I came back, and it troubles me.





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1 Comment so far

  1. Jason Diomedes on December 19, 2016 8:52 am

    The only way Yellen can work to be a thorn in Trump’s side is to suck up to him enough near term to put him off guard and perhaps…perhaps…get reappointed by him. Then she can work behind the scenes to hurt him.


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