Results 1 to 4 of 4

Thread: "Independent" Federal Reserve Chair holds private meetings with Senate Democrats

  1. #1

    "Independent" Federal Reserve Chair holds private meetings with Senate Democrats

    POSTED BY Megan Stiles January 30, 2015

    Just one day after Senator Rand Paul introduced legislation requiring a full audit of the Federal Reserve, Federal Reserve Chair, Janet Yellen, was on the Hill meeting with Democratic Senators. From The Hill:

    Federal Reserve Chairwoman Janet Yellen is meeting Thursday with Senate Democrats.

    The meeting comes a day after Sen. Rand Paul (R-Ky.) reintroduced legislation that would require a full audit by the Government Accountability Office for the Fed.

    Yellen has repeatedly opposed such legislation and said in December she would “forcefully” argue against another audit bill in 2015.

    http://www.campaignforliberty.org/in...nate-democrats



  2. Remove this section of ads by registering.
  3. #2
    If you have nothing to hide, Yellen, then why the "secret" meeting with our "representative" senators, and that from only one party?
    "When a portion of wealth is transferred from the person who owns it—without his consent and without compensation, and whether by force or by fraud—to anyone who does not own it, then I say that property is violated; that an act of plunder is committed." - Bastiat : The Law

    "nothing evil grows in alcohol" ~ @presence

    "I mean can you imagine what it would be like if firemen acted like police officers? They would only go into a burning house only if there's a 100% chance they won't get any burns. I mean, you've got to fully protect thy self first." ~ juleswin

  4. #3
    http://www.wsj.com/articles/yellen-t...ong-1422562813

    The congressional meeting comes one day after the Fed’s most recent policy meeting, when the central bank said it would be patient before raising short-term interest rates. In its postmeeting policy statement, Fed officials upgraded their assessment of U.S. economic output, but expressed some caution about low inflation and the international backdrop.

    Ms. Yellen will deliver her official semiannual testimony to lawmakers in the weeks ahead. She has met regularly with Republicans and Democrats behind closed doors in the year since she became the central bank’s chief. Fed leaders also attend party lunches from time to time in Congress.
    I believe it was the Democratic Senators who invited her to lunch.
    Last edited by Zippyjuan; 01-30-2015 at 03:58 PM.

  5. #4
    Quote Originally Posted by ClydeCoulter View Post
    If you have nothing to hide, Yellen, then why the "secret" meeting [...]
    Secrecy is critical in maintaining the Fed's "independence."

    Without secrecy, people would find out stuff about the Fed - stuff to which they might object and about which they might try to do something.

    And that would interfere with the Fed's "independence" ...
    The Bastiat Collection · FREE PDF · FREE EPUB · PAPER
    Frédéric Bastiat (1801-1850)

    • "When law and morality are in contradiction to each other, the citizen finds himself in the cruel alternative of either losing his moral sense, or of losing his respect for the law."
      -- The Law (p. 54)
    • "Government is that great fiction, through which everybody endeavors to live at the expense of everybody else."
      -- Government (p. 99)
    • "[W]ar is always begun in the interest of the few, and at the expense of the many."
      -- Economic Sophisms - Second Series (p. 312)
    • "There are two principles that can never be reconciled - Liberty and Constraint."
      -- Harmonies of Political Economy - Book One (p. 447)

    · tu ne cede malis sed contra audentior ito ·



Similar Threads

  1. Gundlach Predicts "Trump Will Win", Says "The Federal Reserve Has Basically Given Up"
    By randomname in forum 2016 Presidential Election: GOP & Dem
    Replies: 0
    Last Post: 04-22-2016, 02:56 PM
  2. Replies: 4
    Last Post: 06-17-2015, 02:52 PM
  3. Replies: 9
    Last Post: 01-07-2014, 03:46 PM
  4. Replies: 0
    Last Post: 03-20-2012, 10:47 AM
  5. Replies: 0
    Last Post: 03-22-2011, 11:21 AM

Select a tag for more discussion on that topic

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •