The Fragile Illusion of Decentralization The Federal Reserve’s patchwork of 12 regional reserve banks was meant to protect against presidential overreach. That shield is being shattered. With a Board majority loyal to the president, those regional bank presidents—who bring local economic realities into monetary policy—can be swept aside and replaced with political hand‑puppets. February’s Political Purge The Fed’s next batch of regional reappointments hits in February. Usually a sleepy procedural shuffle. But if Trump installs a compliant Board, all 12 regional presidents could be blocked in one bold stroke. That means tilting monetary decisions toward political imperatives—raising interest rates for electoral gain, or slashing them to inflate asset bubbles—all on cue. The Crypto Trojan Horse: FedNow Remains Active Here’s the…
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