The New York Fed Is Exercising Powers Never Bestowed on It by any Law

The New York Fed Is Exercising Powers Never Bestowed on It by any Law

By Pam Martens and Russ Martens: April 27, 2020 ~

Earlier this month President Trump advanced the view that during a national emergency the President has “total power.” The real power, however, is being exercised by the Federal Reserve Bank of New York (New York Fed) with not so much as one vote by any elected representatives of the citizens of the U.S.