The Fed is Out of Control

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“Although the report was published as a report of the Board of Governors, it was the product of one Board Member, and was not reviewed by the other members of the Board prior to its publication. Troublingly, other Board members were afforded no ability to contribute to the report’s content. There is a genuine question whether these efforts provide a sufficient accounting of what occurred.”

Thanks to Caitlin Long for retweeting this. Images of tweets and message below.

Tweets The Fed is Out of Control

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 The Fed is Out of Control

From the Fed report (Click for larger image)

 

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.