The newest member of the Federal Reserve insists the central bank won’t fall prey to political pressure to keep interest rates low to help the government cheaply finance its huge and growing debt.
Waller, who joined the board last December, said in his first public remarks the Fed’s actions “will continue to be guided solely” by it legal obligation to ensure stable inflation and low unemployment. The Fed itself has purchased about $2.5 trillion in Treasurys during the pandemic to keep interest rates low and help foster an economic recovery. Overall the Fed now holds a record $7 trillion in U.S. public debt.
Sure....... lmfao how else would they keep the party going?
Wanna bet?
“ Washington “ the code word for Democrats
Want or will not ?!))
Oh really - well we'll see about that won't we?
“They ask you, what they should spend. Say, “Whatever you spend of good is for parents and relatives and orphans and the needy and the traveller. And whatever you do of good - indeed, God is Knowing of it.” Quran: [2:215].