Why Is A Fed Governor Donating Money To Hillary Clinton?
by Tyler Durden
ZeroHedge.com
03/08/2016
Any time a Fed president, governor or chairman trots out the trite cliche that the Fed is “apolitical” we can’t help but laugh for one simple reason: not only is the Fed not apolitical, but is very closely ideologically tied with whichever party promotes deficit spending which by definition is inflationary: more deficits mean more debt, means more opportunity for the Fed to show off its “inflation” creating skills; and in a Keynesian world, a stable 2% inflation is the lubricant that drives and stabilizes the financial system – the Fed’s true mandate. There is a reason why central bankers call deflation a “monster” which must be slayed, as per Haruhiko “Peter Pan” Kuroda.
However, it is one thing to note the obvious, it is different to have proof that Fed members have a clear ideological bias. Thanks to recent Fed appointee Lael Brainard, we have just that.
According to Bloomberg, recent Treasury staffer and current Fed Governor Lael Brainard gave $750 in three contributions to Clinton’s campaign between November and January, according to Federal Election Commission records.
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