by Jonathan Newman
Mises.org
The Washington Post reported on the Democratic candidates’ proposals for changing the Federal Reserve. Clinton has recently announced “that the Fed needs to be more representative of America as a whole and that commonsense reforms — like getting bankers off the boards of regional Federal Reserve banks — are long overdue.” In a letter to Janet Yellen, the current Fed chairwoman, Sanders has made similar statements with other lawmakers (as quoted in the Washington Post article):