White House officials have told us that President Bush intervened forcibly to convince an initially reluctant Federal Reserve to reduce interest rates. "There were some telephone calls from the White House to the Fed in which some very crude language was used." Swoop, January 28th-February 3rd report From the cunning realist: http://cunningrealist.blogspot.com/ http://theswoop.net/sys/index.php
But didn't we already know that Bennie promised to be the Administration's BITCH in order to get the job? We might as well abolish the Fed if all they are going to do is be the White House's lackey.