wallstreetexaminer.com / by Cooper Creagan via Money Morning /
If there’s one thing worse for the U.S. economy than the Federal Reserve, it’s Congress.
And right now, legislators are reaching for control over the central bank…
On June 8, the House of Representatives passed the Financial CHOICE Act, a bill that promises to repeal many regulatory banking rules and – critically – would grant Congress control over the Federal Reserve.
Money Morning Chief Investment Strategist Keith Fitz-Gerald has been following these developments closely, and he knows the truth:
“Congress has never ever understood how to create growth, but they’re exceptionally good at stifling it,” Keith said in a June 14 interview with Money Morning.
Check out what powers the Financial CHOICE Act would grant Congress – and why our legislators shouldn’t be trusted with the keys to the economy…
Congressional Control Over the Fed Would Hurt Americans
Putting Congress in charge of monetary policy would be “an exercise in dysfunctional economics,” Keith said.
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