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Liberals Should Join GOP In Criticizing Fed, Konczal Says

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BERNANKE
Federal Reserve Board Chairman Ben Bernanke walks away from the podiuim after delivering remarks September 15, 2011 in Washington, DC. Bernanke made brief opening remarks for a conference on 'Regulation of Systemic Risk'. | Getty

It’s hard to interpret the letter that Congerssional Republicans sent on Tuesday evening to Ben Bernanke as anything other than an attempt to politically influence the monetary policy set by the Federal Reserve. Democrats have correctly recognized this as a rare breach of the central bank’s independence. But rather than complaining about conservatives’ fervor for monetary issues, liberals should be seeking to emulate them.

Read the whole story at The New Republic