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_Schneebley t1_iydsht3 wrote

Reply to comment by In_betweener in I Called Jared Golden, Susan Collins, and Angus King today to express my support for railroad workers. I hope you call your reps, too! by Stunning_Ambition_16

Exactly, The Fed can only do basically 2 things, raise interest rates to curb inflation and purchase assets (and lower interest rates) during an economic crisis. Thats...it... They don't control spending, taxation, ect. They only control the money supply and provide liquidity to the market. Federal Reserve is only reactionary to what Capitol Hill is doing and the economy at large.

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