Z,
Not exactly. The Fed admits that the delegation of that responsibility is at the direction of Clowngress. So, we're splitting hairs here.
If Clowngress so chooses, any and all Fed activity can be subject to their control. Your statement reflects the current state, which is what my comment was getting at. Our Clowngress has the ability to change this and make the Fed accountable. As it stands right now, we have a circus with each act getting five minutes and most tricks of this complexity take longer than five minutes. Thus the show is less than satisfying.
GT
TH |
