Bernie Sanders: To Rein In Wall Street, Fix the Fed

And now Bernie Sanders is echoing the demands of Fed Up!

“The recent decision by the Fed to raise interest rates is the latest example of the rigged economic system. Big bankers and their supporters in Congress have been telling us for years that runaway inflation is just around the corner. They have been dead wrong each time. Raising interest rates now is a disaster for small business owners who need loans to hire more workers and Americans who need more jobs and higher wages …

These are clear conflicts of interest, the kind that would not be allowed at other agencies. We would not tolerate the head of Exxon Mobil running the Environmental Protection Agency. We don’t allow the Federal Communications Commission to be dominated by Verizon executives. And we should not allow big bank executives to serve on the boards of the main agency in charge of regulating financial institutions.”

cc: Center for Popular Democracy, Djuan Wash, New York Communities for Change, Make the Road New York, Missourians Organizing for Reform and Empowerment (MORE), Derek K. Laney, Communities Creating Opportunity (CCO), MN Neighborhoods Organizing for Change (NOC), Action United, Drew Astolfi, Action NC, Rise Up, Texas Organizing Project, Nayely Estefanía, Nirav Sanghani, Ed Donaldson

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