Hillary Clinton doesn’t want any public official talking about the Federal Reserve or its policies. She thinks that even mentioning monetary policy is off-limits and could lead to “consequences” and misinterpretations.
In response to Republican nominee Donald Trump’s comments on Tuesday that the United States central bank has created a “false economy,” Clinton told reporters that his remarks suggest that he should not be U.S. president.
Here is what Clinton told reporters on her campaign plane (without coughing):
“You should not be commenting on Fed actions when you are either running for president or you are president. Words have consequences. Words move markets. Words can be misinterpreted,” Clinton said. “He should not be trying to talk up or talk down the economy, and he should not be adding the Fed to his long list of institutions and individuals that he is maligning and otherwise attacking.”
Interesting. So does she really believe that no U.S. president or presidential candidate should even comment on the Fed’s moves? OK.
Here is what Bloomberg reported back in April:
“President Barack Obama met with Federal Reserve Chair Janet Yellen on Monday to discuss the U.S. economy amid signs that growth may be slowing as consumers retreat from spending.
“Ahead of the afternoon meeting, White House Press Secretary Josh Earnest described Obama as “pleased” with Yellen, who he appointed to lead the Fed in 2014.
“Asked if Obama has been happy with Yellen’s work since appointing her in 2014, Earnest called it “an interesting question” and said “the president has been pleased with the way she has fulfilled what is a critically important job.”
“Obama and Yellen “discussed both the near and long-term growth outlook, the state of the labor market, inequality, and potential risks to the economy, both in the United States and globally,” the White House said in a statement after the meeting. They also discussed Obama administration efforts to strengthen the government’s regulation of Wall Street, the statement said.”
Is Barack Obama fit to be president?
Also Here is what Clinton spokesperson Jesse Ferguson said about her support for reforming the Fed:
“That’s why Secretary Clinton believes that the Fed needs to be more representative of America as a whole and that commonsense reforms — like getting bankers off the boards of regional Federal Reserve banks — are long overdue.”
It’s alright for her to either comment or propose reforms to the Fed, but if others do it then it’s wrong. That’s typical Clinton logic.
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