https://www.wsj.com/economy/central...2p&reflink=desktopwebshare_permalink

Please take a few minutes to read this article and then share your thoughts. But please, don't just post Trump Good / Trump Bad. If you do not understand what you're reading, then take the time to educate yourself on the matter first, whether that entails 10 minutes or 10 hours.

I am hoping for educated, civil discourse on this matter... not the crap show my post from last night brought about.

I will share my thoughts on the issue tomorrow...

My thoughts are Trump good/a trump bad.....

And yes I believe that the subpoenas were purely to out Powell in his "place" and I think it was a bad decision to attempt to sway Powell and company to ease more.

I found out this morning this is not a valid answer, lol. He is one or the other, so I was told.

My thoughts are the fed has never been independent,,,boarder line evil imho

All central bankers for the matter,,,

Just look at how the bailouts worked during the GFC,,,,

Many say the federal reserve is unconstitutional,,,,certainly controversial,,,, I agree

And why do they need such a massive new/ over priced building,,,,, they don’t!

At this point,,,, as painful as it would be,,,, they should end the fed,,,,

Of course that will never happen


And what ever happened to the Fort Knox audit?

I've never had anything good to say about the Feds or the system, but in today's scenario even they are looking better, but that's kinda like saying a lazy deadbeat is ok just because he at least shows up for work.

Thought One: Thank God for the Courts.

Thought Two: We cannot have a Fed that is a puppet of the President--whoever that President is.

Thought Three: We cannot have a DOJ that is the enforcer of the whims and vendettas of the President--whoever that President is.

Well, the fed is an independent banking cartel, and probably misnamed…it’s privately owned and needs oversight.

Agree on all points

Its only 2.5 Billion dollars to shine up a couple buildings....probably only real conservatives would want to know why.


Representative Tom Massie has been vocal about his opposition to the Federal Reserve's spending on the renovation.
He argues that the high costs are unjustifiable, especially during a time when many Americans are facing economic challenges.
Massie has introduced legislation aimed at increasing transparency and accountability within the Federal Reserve, including proposals to audit or even abolish the institution.

We as a whole complain about govt being too big but recent history shows even so called conservative voters have pushed back and criticized recent attempts to stop blatant overspending and fraud.

elected officials should be the only ones running our government, not judges or bureaucrats

How long would it take a complete democracy to annihilate a Republic ?

How does a Republic correct an out of control bureaucracy or activist judges? Do the people get to decide?

1 Like he closed the border dislikeanother war for anothercountry. after saying no more and several broken campaign promises.

Agree with both comments.

But I also have two other thoughts.

1. Correct decision........but I would like to se the "facts" the government presented.

2. Wrong judge. It would have been better, IMO, if a different judge had made the ruling. Boasberg has a well-known reputation for opposing the administration. It would look better had someone less controversial made this same decision.


Observations:

The building is being renovated. It was originally built in 1935. It is hardly a "new'' building.

Massie needs to inform himself a bit better. The Fed is audited every year. Not only that but the Fed releases a list of all their financial dealings each week on Thursday afternoon, online.
What politicians really mean by "audit" is that they want to be able to control interest rates. The worst possible outcome IMO

In my opinion, the Federal Reserve is not a bank! It is a group of high flutin financial idiots with fancy degrees and not a clue how to balance a checkbook that meet once a month for a few days. Often late on decision making about how to grow the economy without pain and drama and having no accountability. Currently using tax payers' money to build itself a majestic temple, where a rented office would suffice, with significant time delays and cost overruns. But what can you expect from an economist with no accountability or checks and balances in place.

I tend to agree that Trump used the subpoenas in an attempt to pressure Powell to do the President's bidding on lowering interest rates; but I also don't like Powell having the power of a blank check with no accountability to the American tax payers that fund the operation.and have to live with the consequences of the Feds' rather dubious decisions and expenditures.

Yep

I'm pretty sure the voters have voted to be 30 trillion in debt, not the Federal reserve? The Federal Reserve just gets to clean up mess.

The FED has a law they have to follow called the dual mandate. Pressure is applied to violate the dual mandate.

Just to be accurate:

The tax payer is not funding the renovation of these buildings. The Fed itself is funding the project and it isn't just one building, it is three. They are not buildings owned by the government. They are owned by the Board of Governors of the Fed.

The tax payer does not fund the Federal Reserve. It is self-funded.

White can you explain how the fed funds itself