On the recordMarch 8, 2023
I think that Representative Foster made a great point. Would it be a good idea to be able to go to the Fed and say, 'Raise interest rates or we are going to cut your budget.'? That is a bad idea.
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congress.govKeith Ellison: “I think that Representative Foster made a great point. Would it be a good idea to be able to go to the Fed and say…”
Editor's note · Context
Ellison critiques the idea of threatening the Fed's budget to influence interest rates.
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