Senate Republicans should resist the temptation to erode Federal Reserve independence after victory in mid-term elections, Dallas Fed President Richard Fisher said.
“Think about this: Here’s a Congress that can’t even get its own budget together. Do you want them running the central bank?” Fisher, a former deputy U.S. trade representative under President Bill Clinton, said today in an interview on Bloomberg Television….
I doubt he has much to worry about, the “fed’s” “independence” (i.e. being in business for their own narrow interests) will be ensured by its independent contractors (i.e. political operatives, contract killers and blackmail artists, and no I’m not kidding).