How the U.S. Federal Reserve Went Broke

Re:How the U.S. Federal Reserve Went Broke by rybosworld on Thursday February 16, 2023 @02:23PM (#34824322)

These are the stated goals of the Fed, yes.

In practice, does it matter? The Fed operates with impunity and can effectively do what ever it's members prefer.

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Re:How the U.S. Federal Reserve Went Broke by arcticbull on Thursday February 16, 2023 @02:37PM (#34824534)

Absolutely not, it's beholden to Congress.

[ Parent | on HN ]

Re:How the U.S. Federal Reserve Went Broke by landemva on Thursday February 16, 2023 @04:14PM (#34826300)

This Fed bank Pres was trading $M on non-public inside info before Fed market-moving actions. Will Congress do anything?

"Dallas Fed President Robert Kaplan made million-dollar stock trades in Tesla, Amazon"

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