‘Fed Up’? More Like ‘Fed Incompetent’

I am not well-versed in matters of running our central bank. But people who are knowledgeable, including Matt Stoller, say that the Fed’s Open Market Committee has been, and continues to be, incompetent, as revealed in transcripts of meetings through 2006. Stoller also asks an obvious question: why are there no transcripts of meetings from 2007 forward? Why didn’t Congress have transcripts available… as far as we know… when reconfirming Ben Bernanke as Fed chair in 2009?

You’re on your own on this one; I’m not the one to explain it to you. But I certainly understand government secrecy, and secrecy is beginning to be the norm in American government.

(H/T again to Avedon; see link in previous post.)

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