All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging U.S. president Biden to replace Fed chairman Jerome Powell with someone who will address “climate risk.”
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According to three U.S. representatives Alexandria Ocasio-Cortez (AOC), Rashida Tlaib, and Ayanna Pressley the Federal Reserve leadership is lacking. Despite the massive amounts of quantitative easing (QE) tactics and a benchmark rate suppressed at zero, the three politicians who are members of the House Financial Services Committee want more.
Rashida Tlaib (pictured left) Alexandria Ocasio-Cortez (AOC) (pictured middle) and Ayanna Pressley (pictured far right).
Speaking with Politico, the representatives otherwise known as the “Squad” explained new leadership is needed in regard to the Federal Reserve. There is no doubt that the Fed’s monetary increase in 2020 eclipsed two centuries of