The White House meddling in the Fed just shows how far we've drifted from limited government and sound money principles. Rates should be set by the market, not by political pressure from whatever administration is in power. Frankly, both parties have been guilty of using the Fed to juice the economy for short-term gains, instead of looking out for the country’s long-term stability. It’s about time we get back to a mandate of stable money and real fiscal discipline, not endless manipulation. If anything, Congress should rein in the Fed’s power and restore some accountability—not just push for cheap money to paper over deeper problems.
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