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James E. Thorne: Federal Reserve criticized over U.S. taxpayer impact
James E. Thorne criticizes the Federal Reserve under Powell for building what he calls an extravagant monument to itself, claiming that it is financed by U.S. taxpayers harmed by its policies.
Thorne also alleges that efforts at seeking basic oversight of the institution are dismissed as interference with Federal Reserve independence.
Thorne has commented on shifts in freight demand, reporting that U.S. flatbed rejection rates jumped to 40 percent as industrial activity rose. He also pointed to a 0.3 percent drop in final demand goods prices in January, citing more pronounced declines in energy. These observations follow his continuing scrutiny of key U.S. economic data.
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