Why is Geithner warning incoming Republicans about messing with the FED?
Question by sound_of_the_silenced3: Why is Geithner warning incoming Republicans about messing with the FED?
Geithner Warns Republicans Against Politicizing the Fed
By Ian Katz – Nov 19, 2010 9:00 PM PT
U.S. Treasury Secretary Timothy F. Geithner said the Obama administration would oppose any effort to strip the Federal Reserve of its mandate to pursue full employment and warned Republicans against politicizing the central bank.
“It is very important to keep politics out of monetary policy,” Geithner said in an interview airing on Bloomberg Television’s “Political Capital with Al Hunt” this weekend. “You want to be very careful not to take steps that hurt our credibility.”
The Republican congressional leadership, including John Boehner, nominated as the next House speaker, has criticized the Fed’s plan to buy $ 600 billion in assets, saying it would fuel inflation and asset bubbles. Senator Bob Corker, a Tennessee Republican who serves on the Banking Committee, said he favors confining the Fed’s mandate to promoting price stability.
http://www.bloomberg.com/news/2010-11-19/geithner-warns-republicans-against-politicizing-the-fed.html
Geithner is essentially reminding them that the Fed is the real government, or rather the entities behind it are, and if the Congress get serious about reigning it in, the PTB will get explicit in removing them, as their velvet puppet government, from the medieval iron fist that animates it.
RIP JFK
Best answer:
Answer by Primo
Because Geitner and Obama want to be able to counterfit money out of thin air
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