Monica De La Cruz: “In 2020, the Minneapolis Fed used its own resources to push…”

“Most people just think of the Fed board, but often it is the local Fed banks that are doing some of these more controversial studies on climate or whatever the topic is. In 2020, the Minneapolis Fed used its own resources to push for an amendment to the Minnesota Constitution on education policy. Does the Fed have a mechanism by which it can reprimand, reprimand its regional banks that willingly insert themselves into fiscal and political issues?” (28:28–28:39)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.