As the American economy faces market turmoil fuelled by Russia’s invasion of Ukraine, the highest inflation rate in forty years, and continuing damage from the-19 pandemic, the Federal Reserve System’s board of governors has become a ghost ship. There are multiple vacancies on the panel, and its chairman,, is awaiting Senate confirmation to a second four-year term.
A boycott to stop a vote is extraordinary under any circumstances, but experts said they were stunned, given the magnitude of the country’s current economic challenges. “It’s an enormous dereliction of duty,” Joseph Stiglitz, a Nobel Prize-winning economist, told me. Stiglitz, a progressive professor at Columbia University who has advised Democratic presidents, stressed that “the Federal Reserve is the most important economic institution in the U.S., and the U.S.
So what, exactly, is the problem? In Stiglitz’s view, “It’s very simple: special interests.” In speeches and op-ed pieces, Bloom Raskin has described climate change as a potential threat to global economic security. Moreover, she’s personally expressed the view that the Fed should have resisted pressure from climate-polluting fossil-fuel companies who wanted pandemic-related bailouts, and instead encouraged a shift to renewable energy sources.
cooperchip1 JaneMayerNYer Joe Manchin works for big oil, coal and pharma NOT the people in WV! I know one thing, when I cast my vote for POTUS, it wasn't for Joe goddamn Manchin and I'm sick and goddamn tired of him and his greed driven demands! CNN should do a special on HIM!
joncoopertweets JaneMayerNYer Will all these fossil fuel companies be liable, a la the tobacco industry, later on for all the damage soon to be wrought by climate change they instigated?
JaneMayerNYer Fuck fossil fuel companies!!
JaneMayerNYer Even there.
JaneMayerNYer The American oligarchs don’t care about democracy, freedoms, capitalism or truth. They care about their wallets and power and nothing else, regardless of the costs. 🤦♂️
JaneMayerNYer My hack senator SenToomey will stop at nothing to keep her from being confirmed. As long as the fossil fuel money flows into Republican campaigns opposition to thinkers like her will continue.
JaneMayerNYer I'm a nude model, rate my photos)😘😘😘
JaneMayerNYer baru itu aja yang aku percaya.... yang lain belum....
JaneMayerNYer We are in a full-blown energy crisis here folks. We need a rational energy policy and Raskin has already disqualified herself from being a neutral arbiter, which is what her job description demands.
dhlovelife Man, she looks like a character from the hunger games.
Thank god someone is looking out for the country, certainly not this nominee or the democrats. Of all times to nominate such a progressive, no, no, no.
List the names
Yeah, it has nothing to do with the fact that she is completely unqualified.
Ridiculous that they can’t be voted on one by one instead of the democrats trying to force a vote to approve all 5 or none. Just ridiculous.
even at the rate that the current 'lockout' talks are going; i would wager it'll be before tax day (Apr 15) that the Mets bullpen blows a stellar start by either deGrom or Scherzer.
There’s no sense of duty in the GQP; only divisiveness, defiance, and willful ignorance.
At what point is this terrorism? Deliberate obstruction of the common good for private gain.
Bipartisanship. Someone tell Sinema.
nobody cares. Democrats are not going to shame them into doing what they should be doing. Shaming does not work on the shameless. I don't know what it's going to take for Democrats so stop trying to work with these fascists - just break the system to go around or through them.