President-Elect Donald Trump is about the tear down the entire, corrupt financial system. And naturally, Democrats are concerned and Republicans are ecstatic.
The right has grown increasingly irritated by the central bank’s policies since the financial crisis and may now be poised to finally push through long-stalled changes to overhaul its operations.
“We knew there was going to be limited progress under Barack Obama’s administration,” said Rep. Bill Huizenga (R-Mich.), who authored a broad Fed reform bill in the last Congress. “Now, with a partner at 1600 Pennsylvania Avenue that’s interested in moving the needle, frankly we’d be dumb not to try to pursue this.”
For years, GOP-led efforts to impose new rules and restrictions on the Fed ran aground amid substantial Democratic opposition, both in the Senate and the White House.But the election puts the Fed on shaky ground, with any number of GOP-authored bills waiting in the wings for renewed consideration.
Republican lawmakers are expected to dust off host of bills that would curb the central bank, ranging from tougher oversight to fundamental changes over how the Fed deploys its powerful tools to steer the economy.
Finally! Trump is about the expose the truth about how the Federal Reserve has been propping up the fraudulent Obama economy.