On Jul 26, 2013, at 10:31 PM, [email protected] wrote:
I don't see how the Fed has enough clout to make major improvements
to the US economy. Is there something the Feds can do beside
manipulate the short term interest rate?
The Fed has regulatory authority over the whole banking system.
A compliant Fed is essential to the banksters.
Summers and Yellen have proven their compliance.
Yves Smith thinks the only decent choice would be Hoenig, who is not
even being considered.
Shane Mage
"Thunderbolt steers all things." Herakleitos of Ephesos, fr. 64
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