Biden’s Secret Plan to Control the Fed Exposed Shocking Residency Requirements Revealed

The Biden administration is at it again. Now Treasury Secretary Scott Bessent wants to impose yet another governmental overreach by shackling Federal Reserve presidents to residency requirements. Their plan? Force them to live in their districts for three years before taking office. Translation: more control for the White House over an independent agency. The notion that the government should meddle in the Federal Reserve’s affairs should send shivers down the spine of every freedom-loving American.

Let’s get one thing straight. The Federal Reserve’s job is to manage monetary policy, not to answer to whims from the White House. By tethering these presidents to specific areas, the administration is trying to open the door to politicizing our economy. Is the goal to turn the Federal Reserve into another puppet dancing to the current administration’s tune? This should raise alarms about protecting the freedom of our most vital institutions.

Leftists love to preach independence and fairness, but how ironic that they’re now pushing boundaries to expand their control. The hypocrisy is glaring. It’s the classic liberal MO—say one thing, do another. This manipulation tactic is nothing more than a power grab by an administration that cooks up schemes to upend the checks and balances intended by our founding fathers.

Let’s not be naive. This proposed residency requirement is a thinly veiled strategy to ensure that Federal Reserve presidents are carefully selected footsoldiers who march in lockstep with Biden’s socialist agenda. Americans can’t allow bureaucrats in Washington to dictate policies that should be made with impartiality. It’s about growing government influence and diminishing local input. Do you see what’s happening here?

Now, more than ever, conservatives must push back to defend the independence of our financial institutions. Are we willing to sacrifice economic freedom for ideology? If every decision is made to benefit those in power rather than the American people, we might as well abandon the principles this nation was built upon.

Source: Washington Times