international negotiations that the Fed conducts in secret

Patrick McHenry, the vice chairman of the House financial services committee, sent Yellen a letter of admonishment regarding international negotiations the Fed conducts in secret, with no oversight.  One line stands out: “This is unacceptable.”

“I am writing regarding the Federal Reserve’s continued participation in international forums on financial regulation.  Despite the clear message delivered by President Donald Trump in prioritizing America’s (own) interest in international negotiations, it appears that the Federal Reserve continues negotiating international regulatory standards for financial institutions among global bureaucrats in foreign lands without transparency, accountability, or the authority to do so.”  https://mishtalk.com/2017/02/03/end-of-fed-independence/

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In theory, US companies have to try to recruit Americans first.  So they put job ads out there but don’t hire anyone and then claim that they cannot find an American with the skills needed to fill the job.   http://wolfstreet.com/2017/02/06/corporate-america-opposes-trump-h-1b-visa-reform/   (the main skill they are looking for is “foreign cheap worker”)

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