Biden’s FED Pick Can’t Answer Whether She’s a Capitalist or a Socialist

The United States has suffered under a political and unimpressive FED for some time.  Now Biden wants to take it to a new low.

The FED has been a political mess under current head Jerome Powell who nearly single handedly took down the American economy in late 2018 with excessive and over the top rate increases.  At that time, although the markets had dropped nearly 10% after his prior rate increase, he was at it again.

After Nearly Collapsing the Economy in 2018, Fed Chief Jerome Powell Sold Between $1 and $5 Million of Stock Before the Market Sank in October 2020

The Fed since 2000 has only increased rates of Republican Presidents numerous times under GW Bush and President Trump and only once at a quarter a percent under Obama. 

 » READ MORE