STAFF NEWS & ANALYSIS

Republicans Reeling in Fed?

By Daily Bell Staff – February 06, 2017

Republican attack on Fed casts doubt over global bank rules Trump-era co-operation uncertain as congressman criticises deals with ‘foreign lands’ … The future of cross-border co-operation on bank regulation in the Trump era has been thrown into doubt, with domestic pressure mounting on the US Federal Reserve and a senior member of the House of Representatives calling on the central bank not to negotiate new rules at “secretive” international bodies. -Financial Times

There seems to be some question as to whether Trump will move ahead with auditing the Fed. This would be too bad, as those who control a government’s money supply basically control the country.

But it certainly seems clear as this article points out, that Trump wants more control over the Fed. The Fed is committing to international