Tuesday, August 31, 2021

The Federal Reserve System

Perhaps you've seen this before:

  • The Federal Reserve System (or the Fed) is the central bank and monetary authority of the United States.
  • The Fed provides the country with a safe, flexible, and stable monetary and financial system.
  • The Fed's main duties include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.

Source - https://www.investopedia.com/terms/f/federalreservebank.asp

Why then should we allow the FRS to focus on "climate change" and "racial justice", as this report seems to advocate? Shouldn't these things fall under the purview of Congress? And shouldn't there be a fair, open national debate on such important issues?

https://www.zerohedge.com/markets/aoc-tlaib-pressley-urge-biden-replace-fed-chair-someone-focused-climate-change-and-racial

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