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Wokeness at Fed’s regional banks puts central bank independence at risk

Fed is supposed to operate free from political influence

By Jonathan Garber

FOXBusiness

Regional Federal Reserve Banks are taking an increasingly “alarming” stance on politically charged issues like racial justice, according to Sen. Pat Toomey, a Republican from Pennsylvania who is the ranking member of the Senate Banking Committee.

Federal Reserve banks in Atlanta, Boston and Minneapolis recently dedicated resources to social policy, reflecting the political leaning of officials who are neither elected nor confirmed by the Senate.

Click the link below to read the rest of this story.

https://www.foxbusiness.com/economy/wokeness-fed-regional-banks-independence-at-risk

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