Hold Federal Reserve accountable | AspenTimes.com

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


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