Lena Petrova: Fed Serves the Banker Class, Powell’s Shocking Admission, and Truth about US Economy

In conversations about the Federal Reserve (the Fed), it’s common to hear claims of its independence and commitment to stabilizing the economy. However, such assertions often raise pertinent questions about who truly benefits from the Fed’s policies. Are its actions designed to serve the broader American public, or do they primarily favor the interests of the banking elite? In this blog post, we explore the Fed’s role in U.S. politics, its implications for government spending, and the argument for banning the Fed from purchasing assets. The Federal Reserve was established in 1913 with the purported purpose of providing stability to…