he can't control the FED because the FED is not a gov. institution. Their goal in maintaining the stability of the financial system and providing financial services to depository institutions is far to be the reality ! They are buying the debt of USA and monetizing it on the ass of the americans citizen, boosting the supply of money while raising its price. Who born with a debt of 50k$ the day 1, without doing anything... "on autopilot". The sad thing is the US can't get rid of this peace of shit, no matter who is the president in
I don't think you have any idea what you're talking about. The FED exists purely to ensure that the value of the dollar doesn't crash or soar. They have prevented the dollar from becoming worthless like in the Great Depression. You say that they are far from their goal, they actually are doing very well right now... The American economy is very healthy, so healthy in fact that they have been raising the discount rate in order to keep it under control. The reason they buy and sell treasury bonds is to keep/give away money, not to "monetiz[e] it on the ass of the americans citizen." The FED does not exist to make money, they exist to keep money from becoming worthless. You also say that it is bad that the President doesn't have control over the FED, I hope you realize that was by design. If the President controlled the FED then they would control the nation's money supply, this would be a huge danger and would give the President way too much power.
You really need to read up on your economics before you decide to bag on one of the most important entities in the entire nation...
