A new Bloomberg poll shows that the majority of Americans are dissatisfied with the Federal Reserve and say that it should be either reigned in or abolished. Clearly, this is a reflection of the 9.8% unemployment rate.
The electorate has also sent a message to Congress and the Federal Reserve by electing Tea Party members who ran on the points of reducing the size and reach of government. As an example, there is already a movement in Congress to streamline the Fed’s dual mandate.
Ben Bernanke and the other members of the FOMC will need to strengthen their media message … …READ MORE







