The Federal Reserve Is Not “Independent” Or “Apolitical”
February 24, 2014
The Fed Is Very Political … And Serves the Big Banks and the Powers-That-Be
The Federal Reserve likes to pretend that it is “independent” and “apolitical”.
The facts are different:
The Fed offered to bail out Mexico, if it would agree to join the North American Free Trade Agreement (NAFTA). Free trade deals have nothing to do with the Fed’s mandate
A study published in the Southern Economic Journal shows that Fed policy tends to create a better economy in the 3 years before presidential elections than right afterwards … to help the incumbent get re-elected