I find it strange that, as policymakers, we can't stand up and tell the Fed what we think they should do. That is not politicizing it. To politicize it would be for us to pass a law mandating that interest rates be at a certain level, or a law mandating that the Federal Reserve should vote this way or that. That is politicizing. That is what this Senator would even vote against. But for the Senate to say to the Federal Reserve, a creature of the Congress, we have looked at the landscape, we see what is happening in our economy, we see what is happening worldwide, we don't like what we see.
Tom Harkin: “I find it strange that, as policymakers, we can't stand up and tell the Fed what we think they should do. That is not…”
Editor's note · Context
Discussing the Federal Reserve's role and the Senate's relationship with it.
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