Rep. Jeb Hensarling (R., Texas) said the Federal Reserve is “willfully ignoring” a congressional subpoena for documents in regards to an investigation of a Federal Open Market Committee (FOMC) leak in 2012, at a House Financial Services Committee hearing on Wednesday.
The Fed has recently crossed the line by ignoring a lawful congressional subpoena for documents,” said Hensarling, the committee’s chairman. “This is inexcusable and unsupported by legal precedents. It cannot be allowed to stand."
The Fed’s refusal to appear before Congress threatens to reveal that Congress is the lesser power between the two. Congress is afraid of how it looks when the issue a subpoena and it is ignored. If any citizen, political figure, or business entity of the United States ignored a Congressional subpoena it would result in immediate imprisonment.
The Fed is ABSOLUTELY above the law and has been since December 23rd 1923.
If you want to know who runs the world, it is the behind the scenes power brokers who can blithely ignore Congressional subpoena with impunity. Make no mistake, the Federal Reserve Bank is the ruling body of the United States of America. The World Bank is the Ruling body of the global politic.