Trump_is_Mentally_fit Posted December 16, 2015 Posted December 16, 2015 The Federal Reserve voted Wednesday to raise interest rates and begin pulling back its unprecedented support for the American economy, ending an era of easy money that helped save the nation from another Great Depression https://www.washingtonpost.com/news/wonk/wp/2015/12/16/federal-reserve-likely-to-raise-interest-rates-for-first-time-in-nearly-a-decade/?hpid=hp_hp-banner-high_fed-2pm%3Ahomepage%2Fstory
B-Man Posted December 16, 2015 Posted December 16, 2015 Here is the (unedited) first sentence to the link. The Federal Reserve voted Wednesday to raise interest rates and begin pulling back its unprecedented support for the American economy, ending an era of easy money that helped save the nation from another Great Depression but has yet to produce a full-throttled recovery. The WAPO author: Ylan Q. Mui is a financial reporter at The Washington Post covering the Federal Reserve and the economy. . Prior to that, she wrote about subprime lending, consumer finance, retail and education. Ylan is a graduate of the Asian American Journalists Association’s Executive Leadership Program and former vice president of the AAJA’s Washington D.C. chapter. She was also an adjunct journalism professor at the University of Maryland. Ylan graduated from Loyola University in New Orleans with a major in communications and a double minor in biology and philosophy.
Deranged Rhino Posted December 16, 2015 Posted December 16, 2015 Here is the (unedited) first sentence to the link. The WAPO author: Ylan Q. Mui is a financial reporter at The Washington Post covering the Federal Reserve and the economy. . Prior to that, she wrote about subprime lending, consumer finance, retail and education. Ylan is a graduate of the Asian American Journalists Association’s Executive Leadership Program and former vice president of the AAJA’s Washington D.C. chapter. She was also an adjunct journalism professor at the University of Maryland. Ylan graduated from Loyola University in New Orleans with a major in communications and a double minor in biology and philosophy. Even with that academic record, I bet Ylan knows the Fed is not part of the US Government and is in fact a group of private banks working together.
Trump_is_Mentally_fit Posted December 16, 2015 Author Posted December 16, 2015 Even with that academic record, I bet Ylan knows the Fed is not part of the US Government and is in fact a group of private banks working together. http://www.federalreserve.gov/pf/pdf/pf_5.pdf
/dev/null Posted December 16, 2015 Posted December 16, 2015 https://www.washingtonpost.com/news/wonk/wp/2015/12/16/federal-reserve-likely-to-raise-interest-rates-for-first-time-in-nearly-a-decade/?hpid=hp_hp-banner-high_fed-2pm%3Ahomepage%2Fstory A policy that began during the Bush Administration. So you're a fan of Bush's economic policy?
Trump_is_Mentally_fit Posted December 16, 2015 Author Posted December 16, 2015 A policy that began during the Bush Administration. So you're a fan of Bush's economic policy? I'm a Sabres fan
meazza Posted December 16, 2015 Posted December 16, 2015 I'm a Sabres fan My cats breath smells like cat food.
DC Tom Posted December 16, 2015 Posted December 16, 2015 I'm a Sabres fan They're part of the federal government, too...
Trump_is_Mentally_fit Posted December 16, 2015 Author Posted December 16, 2015 They're part of the federal government, too... The Federal Reserve is! Loser
Chef Jim Posted December 16, 2015 Posted December 16, 2015 The Federal Reserve is! Loser Which branch?
TPS Posted December 17, 2015 Posted December 17, 2015 Yawn..the most expected action in the economy all year. And the markets apparently approve.
Trump_is_Mentally_fit Posted December 17, 2015 Author Posted December 17, 2015 Which branch? Which branch what?
Chef Jim Posted December 17, 2015 Posted December 17, 2015 Which branch what? The U.S. Government. Who do they report to?
Trump_is_Mentally_fit Posted December 17, 2015 Author Posted December 17, 2015 The U.S. Government. Who do they report to? Make an argument
B-Large Posted December 17, 2015 Posted December 17, 2015 (edited) The U.S. Government. Who do they report to? Congress has oversight power with regards to the Federal Reserve. Its responsibilities can be changed by Statute, or "Act of Congress"- that is all I remember about the FD system from school. Gator could have googled the answer. Edited December 17, 2015 by B-Large
Trump_is_Mentally_fit Posted December 17, 2015 Author Posted December 17, 2015 Congress has oversight power with regards to the Federal Reserve. Its responsibilities can be changed by Statute, or "Act of Congress"- that is all I remember about the FD system from school. Gator could have googled the answer. Yes, been there done that. Makes no difference, they still keep asking
Deranged Rhino Posted December 17, 2015 Posted December 17, 2015 Congress has oversight power with regards to the Federal Reserve. Its responsibilities can be changed by Statute, or "Act of Congress"- that is all I remember about the FD system from school. Gator could have googled the answer. The Federal Reserve is not a part of the US government, it's not a government agency.
Chef Jim Posted December 17, 2015 Posted December 17, 2015 What is it? That the Fed is not solely a government entity.
Recommended Posts