On the recordJune 2, 2009
However, that has in some ways blurred the distinction of the independence between the administration, the executive branch, and the Federal Reserve and its unique independent role.
Source
congress.govHowever, that has in some ways blurred the distinction of the independence between the administration, the executive branch, and the Federal Reserve and its unique independent role.
Ryan expresses concern over the Federal Reserve's independence due to its actions with the Treasury.
Share & report
More from William Ryan
Inflation transfers wealth from the people to the government, and, frankly, there is no better definition of a tax than that.
Massive borrowing by the Treasury and monetary financing of deficits by the Federal Reserve created 40-year high inflation and imposed a hidden but heavy tax on the American people.
I estimate that for the typical American family, they are paying an additional $1,800 a year now in higher financing costs compared to January 2021.