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Obama: Next Fed Head Should Consider Average Joes

Saturday, July 27, 2013 - 7:12 PM
Do I laugh or cry?

WASHINGTON (AP) — President Barack Obama says his next Fed chairman should take ordinary people into account when setting monetary policy.

Obama tells The New York Times in an interview on the paper's website Saturday that he wants someone who won't just work abstractly to keep inflation in check and maintain stability in the markets. He says he wants the next Fed chairman to also promote policies that will help make ordinary people's lives better.

Obama: Next Fed Head Should Consider Average Joes : NPR
8
ShorebreakShorebreak2,677 posts since
Apr 6, 2010
Rep Points: 14,533
1. Saturday, July 27, 2013 - 9:18 PM
"...promote policies that will help make ordinary people's lives better."

I am afraid that I do not know what he meant by that.  He has become a day-dreamer over the years.  This, to me, is purely junk to patronize his people.
6
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
2. Sunday, July 28, 2013 - 10:11 PM
That statement shows absolutely no understanding of the role of the Fed. It's hard to believe the American people gave this guy the power to chose the next chairman. Contrary to his understanding of the Fed, it's function is to do exactly what he belittles: keeping inflation in check and maintaining stability in the dollar and the markets.
5
loulou552 posts since
Aug 3, 2010
Rep Points: 3,431
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