BookWatch: ‘Fed Up’ exposes the elite rot inside the Federal Reserve

Unlike elected officials, who take heat from opposing-party voters, the Federal Reserve serves as a bipartisan punching bag. Conservatives accuse the Fed of debasing the currency and fanning inflation. Liberal animus is directed at the central bank’s perceived efforts to rescue Wall Street at the expense of Main Street during the financial crisis.

Such criticism is generally limited to what the Fed does, or doesn’t do, in terms of policy. Not so with Danielle DiMartino Booth, author of “Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America,” who attacks the culture of the Fed, starting from the bottom up.

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