The Federal Reserve is the central banking system of the US government. The main goal of the bank is to manage the US government’s money supply and stabilize the nation’s banks during panics and recessions. In 2015, Senator Rand Paul (R-KY) and Congressman Thomas Massie (R-KY) introduced the Federal Reserve Transparency Act of 2015 which would require the bank’s board of governors to conduct an audit and release it to Congress. An audit would determine if the accounting records the bank makes public are true and give Congress an insight into how the bank is run. Senator…
Read more78% Yes |
22% No |
67% Yes |
17% No |
8% Yes, we deserve to know who the bank gives money to |
5% No, in order to stabilize our financial system, it must remain independent of Congressional oversight |
3% Yes, but I would prefer to abolish it and return to the gold standard |
0% No, they are already audited by an independent agency |
See how support for each position on “Federal Reserve” has changed over time for 1.9m America voters.
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See how importance of “Federal Reserve” has changed over time for 1.9m America voters.
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Unique answers from America users whose views extended beyond the provided choices.
@3RVHJH43yrs3Y
The Federal Reserve shouldn't just be audited, they should be kicked out all together. They are unconstitutional.
@9DK79J38mos8MO
Yes, but I would prefer to abolish the Federal Reserve Bank and establish a economic system based on the labor of the American people.
@9C9RRLQ11mos11MO
Yes, but I would prefer to abolish it and establish an economic system based on the labor of the American people.
@9BVLJ4511mos11MO
Yes, but I would prefer to abolish it and establish a economic system based on the labor of the people.
@973HS981yr1Y
Yes, and nationalize all the banks
@972XDKH1yr1Y
Yes, and nationalize banks
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@ISIDEWITH5 days5D
Homeownership affordability fell to its lowest level since the 1980s last year as mortgage rates reached a 23-year high and home prices set new records. Borrowing costs have eased somewhat this year, with the average rate for a 30-year home loan down about a percentage point since October. But other prices related to homeownership keep rising and show little sign of abating. Property taxes and home-maintenance costs are climbing in much of the country. Non-mortgage costs including property taxes, maintenance, utilities and insurance make up more than half of homeowners’ overall costs, according to a 2022 analysis by Fannie Mae economists. Worst of all, home insurance premiums are soaring. Rates rose by more than 10% on average in 19 states in 2023 after a series of big payouts related to floods, storms, wildfires and other natural disasters across the U.S., according to an Insurance Information Institute analysis of data from S&P Global Market Intelligence. More Americans also moved to disaster-prone areas in recent years, increasing the exposure to these events.Escalating costs on multiple fronts mean that many first-time buyers will continue to find homeownership a financial stretch. Consumer prices rose 3.5% in March from a year earlier, the Labor Department said Wednesday. The stronger-than-expected inflation data could prompt Federal Reserve officials to hold rates at their current level for longer, which could also keep mortgage rates from declining.The tens of millions of American homeowners who have locked in mortgage rates below 4% still have to contend with these other costs. And since insurance premiums, tax bills and maintenance costs can change each year, it’s hard for homeowners to budget how much more they will be paying even a few years from now. Plenty of homeowners are having to stretch financially to meet these home-related expenses. Nearly one in five said they couldn’t afford a $500 emergency repair without going into credit-card debt, according to a February online survey of 1,000 homeowners by tech company Clever Real Estate, while 42% said they’ve skipped home repairs or maintenance because of the cost.Almost 10% of homeowners surveyed by Fannie Mae last year were not confident they could afford their home insurance premiums at their next renewal.
@ISIDEWITH2wks2W
Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market.Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for an increase of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau of Labor Statistics reported Friday.The unemployment rate edged lower to 3.8%, as expected, even though the labor force participation rate moved higher to 62.7%, a gain of 0.2 percentage point from February.In the key average hourly earnings measure, wages rose 0.3% for the month and 4.1% from a year ago, both in line with Wall Street estimates.Job growth came from many of the usual sectors that have powered gains in recent months. Health care led with 72,000, followed by government (71,000), leisure and hospitality (49,000) and construction (39,000). Retail trade contributed 18,000 while the “other services” category added 16,000.Markets have been keeping close watch over the employment data particularly as the Federal Reserve weighs its next moves on monetary policy. Stocks have tumbled this week amid concerns that a strong labor market and resilient economy could keep the central bank on hold for longer than expected.Stock market futures were around the flatline following the report while Treasury yields posted gains.
@ISIDEWITH3wks3W
Unleaded gasoline ran $3.54 a gallon on average across the U.S. on Wednesday, according to AAA, up 3% from a year ago and about 14% higher than at the start of 2024. Among the regions that have seen the fastest increases: the Salt Lake City area, where gas stations raised prices by about 65 cents to $3.77 a gallon over the past month. In metropolitan St. Louis, drivers have seen a roughly 51-cent price hike to $3.45 during that period. In Chicagoland, costs are up by roughly 48 cents to $4.08. The uptick has helped make inflation stickier than expected in the first quarter and weighed on Americans’ outlook on a largely robust U.S. economy. Gasoline and shelter contributed more than 60% of the consumer-price index’s increase in February from a year ago, according to the Labor Department, marking the first month since September that spending at the pump edged higher. The Federal Reserve’s preferred inflation gauge doesn’t include volatile food and energy costs. Still, rising prices displayed on corner gas stations and highway billboards are constant reminders of economic pressures. “When the price of gas goes up, everybody feels it,” said Malick, a 36-year-old Missouri native who works in customer-service technology for the auto industry. Bets by energy investors on Wall Street suggest that the price gains have room to run. The cost of gasoline shipments into New York Harbor next month has jumped 28% since the beginning of the year. That is faster than the average increase of 20% during the same period over the past quarter-century, according to FactSet.“Even after the recent run up, we still see upside risk” for gas prices, Bank of Americatold clients in a note recently.
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@ISIDEWITH3wks3W
In a series of developments that have stirred the political landscape, former President Donald Trump has publicly endorsed the presidential bid of independent candidate Robert F. Kennedy Jr., describing it as 'great for MAGA.' Trump's remarks came after Kennedy announced his vice-presidential pick, further intensifying the political discourse. Trump, in his characteristic style, took to social media to express his views, labeling Kennedy as the 'most radical left' candidate in the race and highlighting the liberal credentials of Kennedy's running mate, Nicole Shanahan. Despite his criticism of their political stance, Trump views Kennedy's candidacy as beneficial for his MAGA movement, suggesting it could potentially divide the Democratic vote.Kennedy, a figure who has long been associated with controversial views, particularly on the rule of law and established science, has drawn criticism and concern from various quarters. His decision to run for president and the subsequent endorsement by Trump has sparked a flurry of reactions, with some seeing it as a strategic move that could impact the Democratic Party's chances in the upcoming elections. Allies of President Joe Biden have expressed alarm over Kennedy's bid, fearing it could siphon off crucial votes from the left, thereby posing a significant threat to Biden's reelection efforts.The political dynamics surrounding Kennedy's candidacy and Trump's endorsement underscore the complex and often unpredictable nature of American politics. As the race for the presidency heats up, the strategies employed by candidates and their supporters are coming under increased scrutiny. The potential impact of Kennedy's run on the Democratic vote is a topic of much speculation, with analysts and political observers closely monitoring the situation.Trump's support for Kennedy, despite their ideological differences, highlights the former president's tactical approach to politics. By endorsing a candidate who could potentially weaken his opponents, Trump is playing a strategic game, aiming to maximize his own chances of success. This move has not only added a new dimension to the political landscape but has also raised questions about the future direction of both the Republican and Democratic parties.As the United States gears up for another presidential election, the emergence of candidates like Robert F. Kennedy Jr. and the reactions they provoke from figures like Donald Trump are indicative of the shifting sands of American politics. With the electorate increasingly polarized, the outcome of the election remains uncertain, and the strategies adopted by candidates will be crucial in determining the path forward.
@ISIDEWITH9yrs9Y
Active 9hrs agoLast Spring the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30%…
