Tiberius Posted December 16, 2015 Share 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 Link to comment Share on other sites More sharing options...
B-Man Posted December 16, 2015 Share 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. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted December 16, 2015 Share 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. Link to comment Share on other sites More sharing options...
Tiberius Posted December 16, 2015 Author Share 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 Link to comment Share on other sites More sharing options...
/dev/null Posted December 16, 2015 Share 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? Link to comment Share on other sites More sharing options...
Tiberius Posted December 16, 2015 Author Share 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 Link to comment Share on other sites More sharing options...
meazza Posted December 16, 2015 Share Posted December 16, 2015 I'm a Sabres fan My cats breath smells like cat food. Link to comment Share on other sites More sharing options...
DC Tom Posted December 16, 2015 Share Posted December 16, 2015 I'm a Sabres fan They're part of the federal government, too... Link to comment Share on other sites More sharing options...
Tiberius Posted December 16, 2015 Author Share Posted December 16, 2015 They're part of the federal government, too... The Federal Reserve is! Loser Link to comment Share on other sites More sharing options...
Chef Jim Posted December 16, 2015 Share Posted December 16, 2015 The Federal Reserve is! Loser Which branch? Link to comment Share on other sites More sharing options...
TPS Posted December 17, 2015 Share Posted December 17, 2015 Yawn..the most expected action in the economy all year. And the markets apparently approve. Link to comment Share on other sites More sharing options...
Tiberius Posted December 17, 2015 Author Share Posted December 17, 2015 Which branch? Which branch what? Link to comment Share on other sites More sharing options...
Chef Jim Posted December 17, 2015 Share Posted December 17, 2015 Which branch what? The U.S. Government. Who do they report to? Link to comment Share on other sites More sharing options...
Tiberius Posted December 17, 2015 Author Share Posted December 17, 2015 The U.S. Government. Who do they report to? Make an argument Link to comment Share on other sites More sharing options...
Chef Jim Posted December 17, 2015 Share Posted December 17, 2015 Make an argument I am. Link to comment Share on other sites More sharing options...
Tiberius Posted December 17, 2015 Author Share Posted December 17, 2015 I am. What is it? Link to comment Share on other sites More sharing options...
B-Large Posted December 17, 2015 Share 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 Link to comment Share on other sites More sharing options...
Tiberius Posted December 17, 2015 Author Share 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 Link to comment Share on other sites More sharing options...
Deranged Rhino Posted December 17, 2015 Share 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. Link to comment Share on other sites More sharing options...
Chef Jim Posted December 17, 2015 Share Posted December 17, 2015 What is it? That the Fed is not solely a government entity. Link to comment Share on other sites More sharing options...
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