Liberal Heart throbs like Elizabeth Warren Fool Democratic Supporters by Bashing Wall Street WHILE Protecting Federal Reserve
By Tyler Durden | ZeroHedge
It would appear the powers that be are getting nervous. Yesterday, Fed Governor Jerome Powell (and Fisher and Plosser) stepped up the central bank’s push against what he termed congressional efforts to extend political influence over monetary policy, calling them “misguided” and “in violent conflict with the facts.” Today we have Senator Elizabeth Warren trying to sound supportive of transparency but proclaiming that she opposes Rand Paul’s “Audit The Fed” Bill because it promotes “congressional meddling in the Fed’s monetary policy decisions.”
Desperate to appear a huge opponent to Wall Street (and The Fed) Warren begins…
“I strongly support and continue to press for greater congressional oversight of the Fed’s regulatory and supervisory responsibilities, and I believe the Fed’s balance sheet should be regularly audited – which the law already requires… But I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy.”
Read the Rest @ Elizabeth Warren Opposes “Congressional Meddling” ‘Audit The Fed’ Bill
Related Article @ Elizabeth Warren Won’t Back Rand Paul’s Audit the Fed Bill. Populist hero?
Related Article @ Senate Democrats come out against Fed audit bill