Originally Posted by
thesauce
What? Did you miss the entire housing crisis? How many times have we seen Greenspan or Bernanke testify before congress? Didn't congress pass a law or two based on this? You say no? Interesting.
Through mass media which attacks the program - yes, the fed most certainly does have leverage over congress.
That was a bit aggressive.
The Federal Reserve is subject to Congressional oversight. Not the other way around. That is why we see the FRB President testify before congress and not congress testify before them. I do not know what laws you are referencing; FRB President testifying before congress?
Also the Fed president has to be appointed by congress.
mass media? attacks the FRB or the coin program?
I think we should focus on the thread's topic.
@
MojaveJack meant to say that it IS expected to end with Reagan.