The Fed’s Not A Politics-Free Technocracy; It’s An Agent Of Redistribution To The Top

The critical issue is instead whether the Fed should respond with additional monetary stimulus to ill-advised tweets and policy dictum that risks deflating market confidence. This outrage at the thought of the Fed becoming “political” is illusory. The Fed began its insidious venture into the murky political realm under Greenspan’s reign in the nineties.