The Fed’s job has changed from stabling banking in 1913 to promoting means for the government to borrow money at low cost .i.e low interest rates which is creating a sovereign debt bubble (related to monetary policy) that will implode either slightly before or slightly after 2020
From Alhambra Investment Partners, by
What good would opening monetary policy do? The “audit the Fed” bill has been passed again, this time out of committee and possibly set for a floor vote in the House. Though questions remain about the Senate, with at least President Trump its prospects are better than at any time it passed before. Proponents of the idea want to make monetary policy an open matter, though it isn’t really clear why. They claim that secrecy is a hindrance or too much power, but in truth I fail to see much if any difference if the discussions were given to the public contemporarily.
View original post 1,222 more words