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this post was submitted on 17 Aug 2024
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A Boring Dystopia
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The fed chairman is nominated by the president... But more importantly the fed and the president almost never disagree, even under different presidents. That's because every president is first and foremost a servant of capital.
I haven't seen anything to suggest that the fed "chairman" is anything more than a public talking head to give the impression that the government has something to do with what the fed does.
it doesn't matter whether potus, or anyone agrees with them