Danielle DiMartino Booth: “What’s Really Happening Inside The Fed” (Hedgeye Investing Summit)
Takeaway: This interview aired on Thursday October 15th, 2020
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This is an exclusive “Hedgeye Investing Summit” interview between Danielle DiMartino Booth, CEO & Chief Strategist of Quill Intelligence and CEO Keith McCullough.
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The Fed’s buying junk bonds ? Really ? Who Owns The Fed ?
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The answer is, the Federal Reserve is not “owned” by anyone. With authority derived from Congress via the Federal Reserve Act of 1913, the Fed serves as a politically independent and nonpartisan entity within government, said St. Louis Fed economist David Wheelock. It’s accountable to the public and elected representatives in its mission to promote a stable financial system and healthy economy.
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Bing Search Results – Who ‘owns’ the Fed that we’re all so fed up with ?