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IPFS News Link • Minnesota

Minneapolis Fed President Goes Woke, Does Political Lobbying, Ignores Inflation

• https://www.zerohedge.com by Mike Shedlock

Minneapolis Fed president Neel Kashkari is involved in educational activism and justifiably received cease and desist letter from Senator Pat Toomey

Excerpts (Emphasis Mine)

Dear President Kashkari: I write regarding the Federal Reserve Bank of Minneapolis's (Minneapolis Fed) active and political lobbying efforts to change Minnesota's constitution on K-12 education policy. These political lobbying efforts by you and other Minneapolis Fed officials, which the board of the Minneapolis Fed has shockingly endorsed, are well beyond the Federal Reserve's mandate, violate Federal Reserve Bank policies, constitute a misuse of Minneapolis Fed resources, and ultimately undermine the Federal Reserve's independence and credibility. 

For more than two years, you have been improperly using your position as president of the Minneapolis Fed and Minneapolis Fed resources to aggressively lobby Minnesotans to support the Page Amendment, an amendment to the Minnesota constitution that you helped develop and would create a new "fundamental right to a quality public education."  This amendment is highly political, as it wades into an ongoing debate about whether government-run school systems are preferable to parental choice in education. It is also controversial because it could be used by liberals to challenge education spending levels in court and give activist judges grounds for overriding levels set by the state's legislature, which is elected by and accountable to voters. 


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