Hold Federal Reserve accountable | AspenTimes.com
YOUR AD HERE »

Hold Federal Reserve accountable

If you could help your friends make money, with no repercussions on you, would you? Well, that is what the chair of the Federal Reserve did by raising interest rates that benefit banks and bankers for doing nothing.

What a scam! Congress created the Federal Reserve Board in 1913, and it is time for some changes. Simple ones, like if the Federal Reserve wants to raise interest rates, it can only be done with 50 percent congressional approval.

Let the Federal Reserve make its case for increasing rates to Congress and the American citizens. We have never had “accountability” from the Federal Reserve, but we should get it from Congress. Even Trump sees no reason to raise interest rates.

Do you?

Richard Goodwin

Snowmass Village


Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

For tax deductible donations, click here.
 


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User