Article Image
IPFS News Link • Federal Reserve

Has The Federal Reserve Gone 'Woke'?

• by Andrew Moran

That's what the occupants inside the Eccles Building, the Fourth Estate propagandists, and central banking champions regurgitate to the public. We have been led to believe the myth that the creature from Jekyll Island's only mandates are to maximize employment, stabilize prices, and moderate long-term interest rates.

But Fed Bank of Minneapolis President Neel Kashkari, who keeps parroting the fallacy that the central bank is a politics-free zone, believes now is the time that the monetary leviathan adds another objective to its policy manual: Redistribute the wealth, baby. Isn't this the work of those esteemed representatives on Capitol Hill and not the Federal Open Market Committee?

OK, boomer.