MSN: Revelations that Federal Reserve Gov. Lael Brainard donated to Hillary Clinton’s presidential campaign has created a tough situation for the central bank, at a time when Donald Trump has been accusing the Fed of making policy based on political bias.
A day after Fed Chair Janet Yellen found herself in the hot seat on Capitol Hill over the Brainard donation, Kansas City Fed President Esther George danced around the issue on Thursday in a CNBC interview.
“The law allows for Fed officials to make those kind of donations. There’s nothing illegal about that,” George told “Squawk Box.”
In general, George said: “We’re always sensitive to what appearances are, and that’s built into our code of conduct and other things.”
George acknowledged the Fed has been under increased scrutiny during the 2016 presidential campaign, as Trump repeatedly accused Yellen of keeping interest rates low to keep the economy stable to burnish President Barack Obama’s legacy and help Clinton slide into the White House. MORE
THE SWALLOWS of San Juan Capistrano are coming home to roost in DownLow’s and her Thighness’s hair. GOOD.. High time some sunlight was let into this “totally transparent” GAG GAG GAG regime’of demonic darkness. THIS refers to Obobo and Hitllary both. Corruption all the way to the Oval Office, present and hair apparent.
The very confused Esther George spewed, “We’re always sensitive to what appearances are, and that’s built into our code of conduct and other things”
Right after he hilariously said, ““The law allows for Fed officials to make those kind of donations. There’s nothing illegal about that”
So what is it pal? You’re sensitive to the appearance of impropriety or there’s nothing illegals about it??
Man, these OverLords just don’t give a fuck anymore about even trying to sound like they give a shit what we think.
True, just like there’s nothing illegal about teaching all your neighborhood kids to pick their noses and eat their boogers.
As Director Comey has stated Hillary can break rules, policies and laws that puts the US National Security at risk, as long as there was no intent.
Obviously there was no intent by the Federal Reserve making Financial decisions that benefit Obama’s legacy and Hillary’s coronation as President.
The Government Crime Syndicate protects their own with the assistance and complicity of the Dept. of Justice, FBI and it appears Congress.
Just like there was absolutely nothing wrong for the AG and the horndog to discuss grandchildren on the tarmac. Maybe it’s time for some of our “betters” to re-read the story of how July 4, 1776 came to be–that way they won’t be surprised when the shots are whizzing over their heads.
Good….more rope which DJT can use to strangle HRC on October 9.
GFY, Donald had about 15 opportunities to boot her into next tuesday, but he didnt use them. Wonder if he regrets it.
^^I meant to add at the last debate.
I am peeling off some of my stock holdings.
The market is especially vulnerable to interest rate hikes right now. If the Fed does announce a rate hike in December or January 2017 I believe there will by a strong negative reaction in the market.
Look what happened back in January 2016 after the Fed announced a hike in December 2015 with 4 more likely hikes through 2016. The market took a sharp dive, and kept going – lots of volatility. In February, the Fed announce 4 hikes to be too much, two at most, and the market not only stabilized but rose.
In August this year the Fed hinted at a September hike and volatility rose again – until the Fed announced they would leave rate alone until after the election.
We are now seeing stable, even slightly rising markets.
After the election, all bets are off.