On the recordSeptember 22, 2020
The independence of the Federal Reserve seems largely to have been respected during this crisis.
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congress.govThe independence of the Federal Reserve seems largely to have been respected during this crisis.
Foster highlights the importance of regulatory independence during the coronavirus response.
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This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.
I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.
I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.
Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.