The Question Is Not Whether The Fed Has A Bias, But How Well They Hide It

Unless a rock has subsumed you, you’re aware of the battle between President Trump and the Federal Reserve.  Does President Trump have a point?  Is the Fed an independent observer or does the institution have a political agenda? Q3 hedge fund letters, conference, scoops etc These two questions are, of course, not rocket science.  Of course, governors of the Fed (and the institution by extension) have agendas that favor one party over another. The question is not whether Fed officials have agendas, but rather how well do they hide their agenda. The impetus for the question stems from the following…