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Reply to "Clinton Daily News Integiew"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's really baffling and bewildering that the Daily News was referring to the Treasury and exec branch regulators as the Fed. The Federal Reserve is not at all the same and are definitely not interchangeable terms, and that the difference matters tremendously. And even more bewildering that half of DCUM doesn't seem to get that.[/quote] You keep saying that. Everyone gets that. But Bernie still blew that interview. That mistake by the Daily News doesn't negate that. [/quote] You're welcome to your opinion but I disagree. Yes, the NYDN botched the interview. Meanwhile, Sanders' answer on the administration side was correct and perfectly fine. And any answer from any candidate on how exactly things would work on the Fed side would be speculative at best, given their autonomy from the executive branch, and Sanders acknowledged that fact, correctly.[/quote] Np who works for one of the banking agencies. Pp, you have the same shallow understanding of the banking regulatory scheme as Sanders. Like all federal regulatory agencies the banking agencies promulgate regulations and issue opinions. As another poster mentioned, the Fed chair is nominated by the president and subject to confirmation by the Senate. While one might not know when exactly the Fed will raise interest rates, the regulatory scheme is well delineated.[/quote]
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