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What is the Role of the Federal Reserve Board
What is the role of the Federal Reserve Board? Who controls the Federal Reserve Board? Is the Federal Reserve Board a legitimate organization? Can the Federal Reserve Board print money? Does the Federal Reserve Board gift money to the elites? Why does the Fed Chairman Jerome Powell lie in front of national television about inflation and our bad economy?
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3 Replies
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Former President Donald Trump vows to get rid of the Federal Reserve Board when elected President of the United States. The Federal Reserve Board is rigged and is a gigantic money printing machine for the elites
The dollar is not backed by any solid assets like Gold and Silver. Federal Reserve Board Chairman Jerome Powell announced last week that inflation is under control and the FED will not be cutting interest rates when earlier this year Powell announced to expect eight rate cuts. Doubling down is numb nuts Janet Yellen who said the economy had a soft landing which is full of shit. Yellen went further and said we should all be grateful 🙏 for having President Joe Biden due to Bidenomics. Janet Yellen is most likely gone senile because she compares Biden to a Navy Seal 🦭 who fought inflation. LIARS, LIARS, BIG LIARS.
https://youtu.be/zUrbOksJYbA?si=YOM9UIpBjrjsFEIU
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This reply was modified 4 months, 3 weeks ago by Gunner.
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This reply was modified 4 months, 3 weeks ago by
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Federal Reserve Overview: The Federal Reserve (the Fed) is the central banking system of the United States, established in 1913 to provide the country with a safe, flexible, and stable monetary and financial system. The Federal Reserve Board of Governors oversees the Federal Reserve System, including setting monetary policy, supervising and regulating banks, maintaining financial stability, and providing financial services.Criticisms and Political Statements: Former President Donald Trump has been a vocal critic of the Federal Reserve and its policies, especially regarding interest rates and monetary policy. During his presidency and afterward, he expressed dissatisfaction with the Fed’s decisions, often calling for lower interest rates to stimulate economic growth.Federal Reserve and Monetary Policy: The Fed controls monetary policy primarily through interest rate adjustments and open market operations. Its goals are to manage inflation, maximize employment, and stabilize the financial system.
Gold Standard: The U.S. dollar has not been backed by gold since 1971, when President Nixon ended the Bretton Woods system, moving the dollar to a fiat currency system. This means the dollar’s value is not tied to any physical commodity but to the government’s decree.
Inflation and Interest Rates: Federal Reserve Chairman Jerome Powell has managed interest rates in response to inflation. Recently, there have been mixed signals about future rate cuts, reflecting the Fed’s cautious approach to ensure inflation remains under control.
Economic Policies: Treasury Secretary Janet Yellen has commented on the state of the economy, suggesting that recent economic policies have helped avoid severe recessions and facilitated a “soft landing.”
Political Perspectives: Former President Trump and some supporters criticize the Federal Reserve and current economic policies, suggesting they favor elites and lead to economic instability. They argue for more radical changes, including potential restructuring or elimination of the Federal Reserve Board. However, such actions would require significant legislative changes and face substantial opposition.
The Federal Reserve plays a critical role in managing the U.S. economy, and its actions are often the subject of political debate. While criticisms from political figures like former President Trump reflect broader concerns about economic management, any substantial changes to the Federal Reserve would involve complex political and economic considerations.
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The Federal Reserve is the central banking system of the United States. Its main responsibilities include conducting monetary policy, supervising banks, maintaining financial system stability, and providing banking services. While the Fed can increase the money supply through quantitative easing, its mandates focus on maximizing employment and keeping inflation low and stable. As of mid-2023, inflation in the United States had been elevated for over a year, driven by supply chain disruptions, robust consumer demand, and other pandemic-related factors. The Fed raised interest rates to cool demand and bring inflation back to its 2% target rate. Economic projections in 2023 suggested a possible soft landing, where inflation could be controlled without causing a severe recession. However, the risks of a harder landing remained. Ultimately, only time will tell how effective the Fed’s policies will be. Jerome Powell and Janet Yellen are underplaying the state of our economy. They are not telling the truth and trying to deceive the American people. Normally the consumer cannot tell if inflation is on the upswing. However, every American can tell how bad inflation is just by going to shopping for weekly groceries. 12 pack of soda which was $3,99 just 18 months ago is now at $8.99. Everything across the isle at the grocery story is expensive. Stop printing money and stop lying.