The Importance of an Independent Federal Reserve Discover the significance of the Federal Reserve's independence in shaping economic policies. We explore how this independence ensures decisions benefit all Americans, promoting maximum employment and price stability without political interference. Understand why it's crucial for a healthy economy. #FederalReserve #EconomicIndependence #MonetaryPolicy #USEconomy #EconomicStability #MaximumEmployment #PriceStability #PoliticalNeutrality #FiscalPolicy #FinanceInsights
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I wrote this article to explain why voters shouldn't expect huge dramatic shifts in monetary policy (and certain economic performance areas) as Trump returns to the White House with promises of sweeping economic changes. The 1977 Federal Reserve Reform Act limits presidential control over monetary policy and economic performance, yet remains an overlooked factor in U.S. economic stability. Trump's previous critiques of the Federal Reserve and promises of economic transformation make understanding the true scope of presidential economic influence critical for both supporters and skeptics. This article will help readers distinguish between campaign promises and institutional realities, providing valuable context about what Trump can—and cannot—directly influence in America's economic future. Still, the Federal Reserve Board faces interesting times ahead.
In The 1977 Federal Reserve Reform Act: Why Presidential Economic Discussions Miss the Point, James Hanck challenges a common belief: that the president drives the economy. With the 2024 Presidential vote behind us, James invites readers to understand a pivotal shift in economic power that happened decades ago, transforming the Federal Reserve into the central force behind the U.S. economy. As James reveals, this 1977 reform placed crucial economic decisions—like managing inflation and employment—squarely in the Fed’s hands, often leaving presidents’ economic promises beyond their reach. This article offers a fresh, insightful look at why understanding the Fed’s role is essential to understanding real economic impact. Don’t forget to follow us so you don’t miss our next article. Link: https://lnkd.in/gHDmww-C #economy #election #president #federalreserve
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Check out this article from my colleague James Hanck on the critical role the Federal Reserve Board plays in the US Economy
In The 1977 Federal Reserve Reform Act: Why Presidential Economic Discussions Miss the Point, James Hanck challenges a common belief: that the president drives the economy. With the 2024 Presidential vote behind us, James invites readers to understand a pivotal shift in economic power that happened decades ago, transforming the Federal Reserve into the central force behind the U.S. economy. As James reveals, this 1977 reform placed crucial economic decisions—like managing inflation and employment—squarely in the Fed’s hands, often leaving presidents’ economic promises beyond their reach. This article offers a fresh, insightful look at why understanding the Fed’s role is essential to understanding real economic impact. Don’t forget to follow us so you don’t miss our next article. Link: https://lnkd.in/gHDmww-C #economy #election #president #federalreserve
The 1977 Federal Reserve Reform Act: | MXA
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In The 1977 Federal Reserve Reform Act: Why Presidential Economic Discussions Miss the Point, James Hanck challenges a common belief: that the president drives the economy. With the 2024 Presidential vote behind us, James invites readers to understand a pivotal shift in economic power that happened decades ago, transforming the Federal Reserve into the central force behind the U.S. economy. As James reveals, this 1977 reform placed crucial economic decisions—like managing inflation and employment—squarely in the Fed’s hands, often leaving presidents’ economic promises beyond their reach. This article offers a fresh, insightful look at why understanding the Fed’s role is essential to understanding real economic impact. Don’t forget to follow us so you don’t miss our next article. Link: https://lnkd.in/gHDmww-C #economy #election #president #federalreserve
The 1977 Federal Reserve Reform Act: | MXA
consultmxa.com
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As the election draws near, we want to remind investors that history suggests the economy does not care who the president is, or which party controls the White House. The economic cycle is far more than the party in power, and despite what we think, government policy only affects the economic cycle on the margins. As this chart reminds us, the economy, as measured by gross domestic product, has grown steadily since World War II despite regular changes in party leadership. For more information read our full article here: https://lnkd.in/e5Sg3Bgr #Economy #Election #Markets #Cycles #investors #moneymanagement
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As the election draws near, we want to remind investors that history suggests the economy does not care who the president is, or which party controls the White House. The economic cycle is far more than the party in power, and despite what we think, government policy only affects the economic cycle on the margins. As this chart reminds us, the economy, as measured by gross domestic product, has grown steadily since World War II despite regular changes in party leadership. For more information read our full article here: https://lnkd.in/gHSTx6Dz #Economy #Election #Markets #Cycles #investors #moneymanagement
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As the election draws near, we want to remind investors that history suggests the economy does not care who the president is, or which party controls the White House. The economic cycle is far more than the party in power, and despite what we think, government policy only affects the economic cycle on the margins. As this chart reminds us, the economy, as measured by gross domestic product, has grown steadily since World War II despite regular changes in party leadership. For more information read our full article here: https://lnkd.in/g63kkKaN #Economy #Election #Markets #Cycles #investors #moneymanagement
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🚨Neither Trump nor Harris Address America's Big Problem: Deficit Spending. We are now just two weeks away from the next presidential election, and financial markets seem to be pricing in a potential Trump victory. But regardless of which side wins, the country loses. Why? Both candidates advocate for increased government spending, completely ignoring the gigantic fiscal deficit that the U.S. is deeply immersed in—further jeopardizing the future of the next generations. Politicians want votes. And they know the easiest way to get them is by offering people 'free' benefits, even if it means making irresponsible choices that compromise the country's future. It's remarkable how much the U.S. deficit has escalated during a time when the country is neither at war nor in a recession. Nothing the government gives is truly free. They give with the right hand, and then take with the left. As Ronald Reagan said: 'Government is not the solution to our problem; government is the problem.' 💡 By convincing people that the government can solve every problem and provide assistance whenever needed, we are creating a society dependent on the government—like parasites relying on their host. The world we are heading into is very dangerous... #DeficitSpending #USPolitics #FiscalResponsibility #GovernmentSpending #FutureGenerations #Economy #Election2024 #PoliticalLeadership #RonaldReagan #FinancialMarkets #EconomicPolicy
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As the election draws near, we want to remind investors that history suggests the economy does not care who the president is, or which party controls the White House. The economic cycle is far more than the party in power, and despite what we think, government policy only affects the economic cycle on the margins. As this chart reminds us, the economy, as measured by gross domestic product, has grown steadily since World War II despite regular changes in party leadership. For more information read our full article here: https://lnkd.in/eF2bTxXs #Economy #Election #Markets #Cycles #investors #moneymanagement
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The Biden-Harris administration's adoption of modern monetary theory (MMT) may have led to economic chaos, including runaway inflation and escalating costs. Despite predictions, MMT's promises of unlimited government spending without consequences proved false, and voters are holding policymakers accountable. As exit polls show, Americans are fed up with the economic fallout of fiscal recklessness. The high cost of inflation and misguided economic theories could be playing a role in the 2024 election. Originally published in The Hill. 🔗: https://buff.ly/3ZeHQPM
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As the election draws near, we want to remind investors that history suggests the economy does not care who the president is, or which party controls the White House. The economic cycle is far more than the party in power, and despite what we think, government policy only affects the economic cycle on the margins. As this chart reminds us, the economy, as measured by gross domestic product, has grown steadily since World War II despite regular changes in party leadership. For more information read our full article here: https://lnkd.in/eb962hzF #Economy #Election #Markets #Cycles #investors #moneymanagement
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