"The U.S. Treasury and the #FederalReserve are separate entities. The #Treasury manages all of the money coming into the govt and paid out by it. The Fed's primary responsibility is to keep the economy stable by managing the supply of money in circulation."
This makes sense. The rest of the article, explaining how the Fed does other stuff too, confuses me. The Treasury should do all that. The Fed's primary responsibility should be its only responsibility. #uspol
This is really important, read and share this. [Gifted article, The Washington Post] This should be a 5-alarm fire for anyone who cares about inflation
With the 2024 election approaching, the central bank’s independence is on the line. By Catherine Rampell
@ZeroSum06
The #federalreserve is a "quasi-governmental agency with a board of governors selected by the President and approved by Congress."
This structure is nearly identical to how the #PostalService operates. @rfichoke
Marktbericht: Zinseuphorie treibt Börsen zu neuen Rekorden
Dank positiv aufgenommener Zinssignale der US-Notenbank Fed haben die Aktienmärkte ihre Rekordjagd fortgesetzt. Sowohl der DAX als auch die großen US-Indizes erreichten mal wieder neue Höchststände.
Hinweise der US-Notenbank Fed auf womöglich bald sinkende Zinsen haben den DAX heute erneut auf einen neuen Höchststand getrieben. Auch an der Wall Street setzte sich die Rekordrally fort.