Replies to post #51440 on Sharing Knowledge in Smallcaps

[BullNBear52]

From the other article I posted about him.

If confirmed, Moore would not be able to single-handedly lower interest rates or change other Fed policies. Major Fed decisions are made by a committee of up to 12 members — the seven governors nominated by the White House and five heads of regional Fed banks who are chosen by those communities.

“One voice does not determine Fed decisions,” said Diane Swonk, chief economist at Grant Thornton.

The last thing we need imo is board made up of Moore's. There is a reason why we have an independent Fed. It's usually because Congress has managed to screw up.