The Fed that Should Be

The Board of Governors of the Federal Reserve System have been put in charge of running the US economy. But it shouldn’t be this way. The Fed wasn’t created to run the economy, but only to manage a small part of the economy. The Fed has the tools and the expertise to manage the money and the interbank interest rate in order to assure the stability of the financial system. Beyond that it lacks the powers and expertise to run an entire economy. In this podcast, the Edifice of Trust host, Victor Bolles discusses the causes and effects of this over-reliance on the Fed to manage the economy and make some recommendations on what steps should be taken.