Basically Fed independence is dead.
It might have died last week when Sarah Palin weighed in multiple times on monetary policy, and now that a group of GOP affiliated economists and investors have written an open letter to the Fed it’s clear that the Fed is “in play” as a political football.
Amusingly, the only known Democrat or liberal to sign the letter is Jim Chanos, and he makes money when bubbles burst.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.