AOC, Tlaib, Pressley call on Biden to dump Powell as Fed chair

[WhiskeyGrinder]

6. That's what Pat Toomey says.

https://www.americanbanker.com/news/feds-focus-on-racial-justice-is-political-advocacy-gop-senator-says

WASHINGTON — The top Republican on the Senate Banking Committee is slamming three Federal Reserve banks for their work to examine the role racism plays in the economy.

In letters to the Fed regional bank presidents in Atlanta, Boston and Minneapolis, Sen. Pat Toomey, R-Pa., argued that a focus on racial justice is outside of the Fed’s scope. He took particular issue with a series of events hosted by the regional banks to discuss, among other issues, how discrimination and racial bias persist in the job market, housing system and the economics field.

“I recognize the interest in studying economic disparities along demographic lines, such as race and gender,” Toomey said in a May 23 letter to Minneapolis Fed President Neel Kashkari. “However, this subject matter is fraught with ideological assumptions and interpretations, and the work and analysis of the Minneapolis Fed seems heavily laden with political and value judgments."