But this is exactly why the Federal Reserve is detached from the rest of the gov... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		legitster on Feb 10, 2022 \| parent \| context \| favorite \| on: U.S. Inflation Accelerates to 40-Year High But this is exactly why the Federal Reserve is detached from the rest of the government. While they might coordinate with the executive branch, ultimately the Federal Reserve is supposed to follow their mandate and leave fiscal policy to Congress.

sokoloff on Feb 10, 2022 [–]

Yes, but it answers "who does [keeping rates this low] help?" with an answer of "all taxpayers, both now and in the near-future".

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact