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Obama and Biden
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<blockquote data-quote="1989" data-source="post: 390361" data-attributes="member: 10280"><p>Federal reserve chairman and president are two different people. If you want the president to step in every time they think something needs to change, that would be grounds for impeachment. That would infringe on the separation of powers and turn our country into a dictatorship. </p><p> </p><p>The presidents hands are tied on this one. The only thing he could have done is say "interest rates need to be raised." In all the presidents speakings over the last year whose to say he hasn't said this? Many wall street people said a year ago the fed should raise rates at the first of the year.</p></blockquote><p></p>
[QUOTE="1989, post: 390361, member: 10280"] Federal reserve chairman and president are two different people. If you want the president to step in every time they think something needs to change, that would be grounds for impeachment. That would infringe on the separation of powers and turn our country into a dictatorship. The presidents hands are tied on this one. The only thing he could have done is say "interest rates need to be raised." In all the presidents speakings over the last year whose to say he hasn't said this? Many wall street people said a year ago the fed should raise rates at the first of the year. [/QUOTE]
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