September 2, 2025 • 7 mins
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For decades, the Federal Reserve has been anything but apolitical—from Dodd-Frank’s social engineering mandates to Biden’s push for racial equity in monetary policy, and even climate activism disguised as financial regulation. Both parties have used the Fed as a political tool, distorting its mission and undermining trust in America’s financial system. Instead of guarding price stability, the Fed has caved to political pressure, fueling inflation, bailouts, and handouts that keep Washington in power. The real solution? Stop pretending the Fed can ever be independent—and start questioning whether we need it at all.
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
For decades, the Federal Reserve has been anything but apolitical—from Dodd-Frank’s social engineering mandates to Biden’s push for racial equity in monetary policy, and even climate activism disguised as financial regulation. Both parties have used the Fed as a political tool, distorting its mission and undermining trust in America’s financial system. Instead of guarding price stability, the Fed has caved to political pressure, fueling inflation, bailouts, and handouts that keep Washington in power. The real solution? Stop pretending the Fed can ever be independent—and start questioning whether we need it at all.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Getting politics out of the Fed. Boy, did I catch
some flat about my take on the whole lease of page.
Donald Trump wants to fire whole scenario mortgage nonsense. Again. Unfortunately,
people hear what they want to hear. My point was
you follow the rule of law when it comes to
(00:38):
page and I think that's always the best way to
go the the the amusing is amongst the left right now.
And Donald Trump is politicizing the Fed. Yeah, no doubt
about it. But you guys do the same damn thing. Okay,
(00:58):
how do you take politics and the Fed? Well, I
don't know, maybe just get rid of the entire thing. Yeah,
it's just my same argument when it comes to just,
you know, agencies that have been completely corrupted, whether it
be the CIA and the FBI as well many government agencies.
They should all they should be like milk. They should
(01:19):
have an expiration date for crying out loud. So let's
talk about the left okay, because again, oh my god,
they're having a hissy fit over this. And again they
have a point, but the idea that they don't politicize
the FED. Let's go through. Let's go through some of
the things that have happened. Just I don't know over
the past fifteen years, how many people remember. I certainly do,
(01:44):
because it's stupid. The entire thing in itself didn't do anything.
Basically entrench too big to fail, the good old twenty
ten Dodd Frank at, God, Frank at again, think about
this financial crisis, financial crisis. And in the Dodd Frank
Act they had they always like to stick this bs
(02:05):
in there. They had to stick in the well. They
required the FED Board of Governors and the regional banks
to establish an Office of Minority and Women Inclusion. Oh yes,
we have to. We have to assess the diversity policies
and practices of entities that they regulate. Come on, please, okay.
(02:31):
They wanted to make sure, got to make sure all
those banks are woke. Yep, all the banks that they
regulate better, sure they're wolf enough. Fast forward, fast forward
to twenty twenty. Joe Biden. Joe Biden called for expanding
the Fed's dual mandate. They shouldn't have a dual mandate.
(02:54):
I can't tell you how many programs radio shows that
I do people asking me about the FED and whether
or not they're going to raise rates, lower weights, whatever
it may be. And I have to break down this
dual mandate quite frankly. They shouldn't have anything to do
with employment. It shouldn't be under their purview. Again, under
Joe Biden, the Fed's dual mandate supporting maximum unemployment and
(03:19):
price stability, also employed getting put in there racial equity.
What exactly does that mean? I don't know. I don't know.
Base it was Fed's got to conduct monetary policy with
the aim of reducing racial economic disparities. Okay, what do
(03:39):
you got a four or five hundred members of the
Federal Reserve that none of them have had a real
job in their entire lives, and they've got their models,
and they've got their degrees and their PhDs, and all
of a sudden, they're going to reduce economic disparities. That's
about as ridiculous as Jay Powell. I made fun of
this back in the day, going to reduce the price
(04:01):
of eggs because of the the avian flu that got
around there, and to the chickens that we had to kill.
You got to put masks on chickens. Go old J.
Powell anyway again, he's gonna, you know, he's going to
turn himself into Malcolm X, and he's going to deal
with economic disparities right right again. Another one and actually
(04:22):
a great piece today by Alissa Finley discussing this summer
twenty twenty maximum maximum employment was a broad based and
inclusive goal. Then what happened? What happened around in twenty
twenty into twenty twenty one. Oh yeah, prices gift going up, up, up, up, up,
(04:45):
up on up. But she's you know, can't can't raise
rates there. We had to say that inflation was transitory. Again, Oh,
Elizabeth Warren getting real upset about the act fact that
they were going to raise rates again. I want to
quote James Clyburn. James Clyburn, I'm South Carolina Center, and
(05:10):
I quote I trust that you will never lose sight
of the fact that millions of Americans are dependent on
the FED continuing to support the economic economy's recovery. Yeah,
told that to the little J. Powell when they were
basically they've given them the rundown. At that point in time.
Maxine Waters, at the time led the House Financial Services Committee,
(05:31):
praise j Powell for supporting Congress's big COVID spending packages.
That's quite unusual for a FED chair who is usually
more cautious and more careful about expenditures. Yeah, just keep printing, Jay,
so we can keep handing out money, so we can
keep getting ourselves elected. How did that work out? We're
(05:55):
still paying for all this for dealing with all of
this again. After Jay Powell was renominated, then he decided that, hey,
we're going to have to start dealing with inflation. December
twenty twenty, they move to join the Network of Central
(06:17):
Banks and Supervisors for greening the Financial system.
Speaker 1 (06:22):
Yeah.
Speaker 2 (06:23):
Yeah, it was a one hundred and fourteen central banks
around the globe and other financial regulators as well. We're
going to use monetary policy to promote the left's climate objectives. No,
no politics there again, yeah yeah, yeah, the Fed. Wow, jeez,
maybe we should appoint Al Gore, but you put him
on the board and maybe what's your name there, Greta
(06:45):
Funberg as well. Again, I can go on and on
and on, So how do you take politics out of
the FED. Real simple, real simple. I'll tell you what
you do right now. You just get rid of the FED.
We don't need it. Watchdog on Wallstreet dot com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Getting politics out of the Fed. Boy, did I catch
some flat about my take on the whole lease of page.
Donald Trump wants to fire whole scenario mortgage nonsense. Again. Unfortunately,
people hear what they want to hear. My point was
you follow the rule of law when it comes to
(00:38):
page and I think that's always the best way to
go the the the amusing is amongst the left right now.
And Donald Trump is politicizing the Fed. Yeah, no doubt
about it. But you guys do the same damn thing. Okay,
(00:58):
how do you take politics and the Fed? Well, I
don't know, maybe just get rid of the entire thing. Yeah,
it's just my same argument when it comes to just,
you know, agencies that have been completely corrupted, whether it
be the CIA and the FBI as well many government agencies.
They should all they should be like milk. They should
(01:19):
have an expiration date for crying out loud. So let's
talk about the left okay, because again, oh my god,
they're having a hissy fit over this. And again they
have a point, but the idea that they don't politicize
the FED. Let's go through. Let's go through some of
the things that have happened. Just I don't know over
the past fifteen years, how many people remember. I certainly do,
(01:44):
because it's stupid. The entire thing in itself didn't do anything.
Basically entrench too big to fail, the good old twenty
ten Dodd Frank at, God, Frank at again, think about
this financial crisis, financial crisis. And in the Dodd Frank
Act they had they always like to stick this bs
(02:05):
in there. They had to stick in the well. They
required the FED Board of Governors and the regional banks
to establish an Office of Minority and Women Inclusion. Oh yes,
we have to. We have to assess the diversity policies
and practices of entities that they regulate. Come on, please, okay.
(02:31):
They wanted to make sure, got to make sure all
those banks are woke. Yep, all the banks that they
regulate better, sure they're wolf enough. Fast forward, fast forward
to twenty twenty. Joe Biden. Joe Biden called for expanding
the Fed's dual mandate. They shouldn't have a dual mandate.
(02:54):
I can't tell you how many programs radio shows that
I do people asking me about the FED and whether
or not they're going to raise rates, lower weights, whatever
it may be. And I have to break down this
dual mandate quite frankly. They shouldn't have anything to do
with employment. It shouldn't be under their purview. Again, under
Joe Biden, the Fed's dual mandate supporting maximum unemployment and
(03:19):
price stability, also employed getting put in there racial equity.
What exactly does that mean? I don't know. I don't know.
Base it was Fed's got to conduct monetary policy with
the aim of reducing racial economic disparities. Okay, what do
(03:39):
you got a four or five hundred members of the
Federal Reserve that none of them have had a real
job in their entire lives, and they've got their models,
and they've got their degrees and their PhDs, and all
of a sudden, they're going to reduce economic disparities. That's
about as ridiculous as Jay Powell. I made fun of
this back in the day, going to reduce the price
(04:01):
of eggs because of the the avian flu that got
around there, and to the chickens that we had to kill.
You got to put masks on chickens. Go old J.
Powell anyway again, he's gonna, you know, he's going to
turn himself into Malcolm X, and he's going to deal
with economic disparities right right again. Another one and actually
(04:22):
a great piece today by Alissa Finley discussing this summer
twenty twenty maximum maximum employment was a broad based and
inclusive goal. Then what happened? What happened around in twenty
twenty into twenty twenty one. Oh yeah, prices gift going up, up, up, up, up,
(04:45):
up on up. But she's you know, can't can't raise
rates there. We had to say that inflation was transitory. Again, Oh,
Elizabeth Warren getting real upset about the act fact that
they were going to raise rates again. I want to
quote James Clyburn. James Clyburn, I'm South Carolina Center, and
(05:10):
I quote I trust that you will never lose sight
of the fact that millions of Americans are dependent on
the FED continuing to support the economic economy's recovery. Yeah,
told that to the little J. Powell when they were
basically they've given them the rundown. At that point in time.
Maxine Waters, at the time led the House Financial Services Committee,
(05:31):
praise j Powell for supporting Congress's big COVID spending packages.
That's quite unusual for a FED chair who is usually
more cautious and more careful about expenditures. Yeah, just keep printing, Jay,
so we can keep handing out money, so we can
keep getting ourselves elected. How did that work out? We're
(05:55):
still paying for all this for dealing with all of
this again. After Jay Powell was renominated, then he decided that, hey,
we're going to have to start dealing with inflation. December
twenty twenty, they move to join the Network of Central
(06:17):
Banks and Supervisors for greening the Financial system.
Speaker 1 (06:22):
Yeah.
Speaker 2 (06:23):
Yeah, it was a one hundred and fourteen central banks
around the globe and other financial regulators as well. We're
going to use monetary policy to promote the left's climate objectives. No,
no politics there again, yeah yeah, yeah, the Fed. Wow, jeez,
maybe we should appoint Al Gore, but you put him
on the board and maybe what's your name there, Greta
(06:45):
Funberg as well. Again, I can go on and on
and on, So how do you take politics out of
the FED. Real simple, real simple. I'll tell you what
you do right now. You just get rid of the FED.
We don't need it. Watchdog on Wallstreet dot com
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