You should add that the Fed of today has much more institutio
nal research and memory to help deal with financial issues, but is increasing
ly influenced by politics, to the detriment of society, and to the uncesing efforts of Progressiv
e Socialists to remake the U.S. economy from a free market into a scoialist economy.
A truly independen
t Fed, operating per it's Mission Statement (
www.federalreserve.gov) would be a major influence and asset today, instead of the political hack it is rapidly becoming.
About EconomyRead the Article at HuffingtonPost
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