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Why The Federal Reserve's Power Is 'Limitless'
FiveThirtyEight Politics
The Fed Abuses Its Powers
In 2008, as everybody knows, the entire economy melts down. So that's the most extreme scenario of the Fed abusing its power. How close have we gotten to anything like that? To what extent have the political branches been able to influence the Fed or to what extent has the people on the Fed just been part of themselves and had a sort of like worldview that is not necessarily neutral because perhaps no one has a neutral worldview? Yeah. So I would say we have not gotten close to this. But the reason that I thought it was important enough to write an entire book about is there was absolutely pressure to do this in 2020. And these tools are brand new. The fact that we haven
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