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Subject:  Re: Fed Piles Up $66 Billion in Paper Losses Date:  12/12/2018  12:33 PM
Author:  jgc123 Number:  549018 of 573239

“We’re seeing the downside risk of unconventional monetary policy,’’ said Andy Barr, the outgoing chairman of the monetary policy and trade subcommittee of the House Financial Services panel. “The burden should be on them to tell us why this does not compromise their credibility and why the public and Congress should not be concerned about their solvency.’’

After enacting legislation that is exacerbating huge and rising fiscal deficits, I wonder what grounds does Congress have a right to complain about the solvency of the Fed?
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