Federal Reserve Powell to testify to congress today starting 10am. And why today is so important

Intro to why today is important: https://www.youtube.com/watch?v=_7Sh6Z5j_rg

-During times of crisis and specifically high unemployment, congress tends to make the biggest changes to the federal reserve's power.

-Congress will either clip the wings of the fed or empower the fed. But it appears in a typical cycle they clip the wings of the fed first

- Fed's job is to take the blame

livestream link starts at 10am the link. note that this is a 2-day event it runs tomorrow too.

live stream: https://www.youtube.com/watch?v=7xAMAJ5ieKo



Submitted June 16, 2020 at 04:56PM by dancingbearstonks https://ift.tt/3hxgJYm

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