The Federal Reserve Is Changing What It Means to Be a Central Bank

This is cause for grave concern! Since at least Alan Greenspan, the Fed has pursued this reckless and irresponsible low interest rate policy. Since the financial crisis of 2008, the Fed has expanded its balance sheet by several multiples to now $6.5 trillion dollars total assets up from under $0.9 trillion in 2007.

The Federal Reserve Is Changing What It Means to Be a Central Bank - WSJ: By lending widely to businesses, states and cities, the Fed is breaking taboos about who gets money to prop up a frozen U.S. economy, risking a political backlash down the line.