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by fredkbloggs 4022 days ago
With an election cycle lasting a full 3 years, it's always "before elections". The Fed is immune to lawsuits and the FOMC members cannot be removed from office no matter what. They have been given that independence for a reason, much like the Supreme Court justices (not that it's a good reason, but it's still a reason). If they aren't willing to use it, they shouldn't have it. It's long past time to normalize rates, and doing so will put paid to the VC mania just as it did 15 years ago. So be it.