GOP Leaders Tell Bernanke To Not Help Economy so what would the hew and cry be if Obama sent a letter to the Fed telling the FOMC to adopt a policy of 5% future inflation, and fund an infrastructure bank with $1T. Fed policy is supposed to be based on meeting their dual mandate, not implementing the political whims of either party.
Ben Bernanke is George W. Bush's Fed Chief. Obama kept him because "the serious people" convinced him that Bernanke was important for "confidence."
Well now it's obvious that all the GOP cares about is keeping the economy weak, principles of government be damned (oh, and also making sure the rich aren't made to pay a penny more in tax than their grandparents did.)
I wonder if the MSM will even mention this unprecedented intrusion by the GOP into Fed policy?