The Fed is investigating 4 economists who own shares in a U.K. forecasting company. (WSJ Oc. 11 Kate Burne). If this is true it is a horrific act of treason.
I publish from time to time economic predictions than are different than the Fed and find the FED often to be wrong wrong. Is this probe connected to weak predictions capacity as conflict of interest and sold for private interest?
FED predication and monetary policy impact business and consumer conduct directly! Especially in an era of “economics of expectations.”
In the investigation, Ms. Guzman the Economic Alchemy Chief Executive alleged that Domenico Giannnoe – assistant vp in at the FED, NY, IS VIOLATING CONFLICT OF INTEREST RULES! He owns 30.5% of the U.K. Firm!
WSJ / Katy Burne. You highlighted FED employees who put America at risk and all for the sake of greed! I know that the vast majority of FED employees are hard working dedicated Americans and professional. But a few can/could/did?! cause major damage!
If this turns to be true it would be time to “clean house” and take major action in regard to the FED. The FED must respond and not tell America that “Our [FED] practice is to neither confirm nor deny investigations”…..We way beyond that..! Join me by calling on the the FBI to look into this!