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Quick Note on the Federal Reserve Board

When Pennsylvania Senator Pat Toomey, at the last minute, insisted on adding language to the pandemic rescue package, stripping the Fed of emergency powers, I was among those screaming “NO Deal.”  I have not always been a huge fan of the Fed, but I felt this plan was a deliberate effort to sabotage an effective response to any financial/economic crises that may arise in a Biden administration.


Just for background, we know that the Republicans are perfectly fine with sabotaging the economy in ord...

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Published on December 23, 2020 13:21
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Dean Baker's Blog

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