undefined | Better HN

0 pointslegitster4y ago0 comments

But this is exactly why the Federal Reserve is detached from the rest of the government.

While they might coordinate with the executive branch, ultimately the Federal Reserve is supposed to follow their mandate and leave fiscal policy to Congress.

0 comments

sokoloff4y ago

Yes, but it answers "who does [keeping rates this low] help?" with an answer of "all taxpayers, both now and in the near-future".

j / k navigate · click thread line to collapse

0 pointslegitster4y ago0 comments

But this is exactly why the Federal Reserve is detached from the rest of the government.

While they might coordinate with the executive branch, ultimately the Federal Reserve is supposed to follow their mandate and leave fiscal policy to Congress.

0 comments

sokoloff4y ago

Yes, but it answers "who does [keeping rates this low] help?" with an answer of "all taxpayers, both now and in the near-future".

j / k navigate · click thread line to collapse