Photographer: Nicolai Berntsen
“Suspicion of central banking has a long history in the United States.
When the Federal Reserve was founded in 1913, more than 200 years after its British equivalent the Bank of England, strident voices said it was a bad idea.
After the Second World War, the Fed established its reputation as the world`s most powerful central bank with the globe`s most tradeable currency. Voices of opposition were relegated to the fringe”, wrote Don Pittis for CBC News on February 15, 2017.
Pittis continued, “It’s unclear if her words will be effective.
More than once Yellen was asked about Trump’s recent statement connecting banking regulation with reduced lending.
He said he had personal experience.”
Read the full article here.
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