Martin O'Malley

Martin O'Malley's policies onGovernment

Require the General Counsel at the Fed to be a presidential appointee

The General Counsel wields outsized influence on the Board, advising the board on every major decision. In fact, the current General Counsel is sometimes referred to as the “eighth Fed governor”. Currently, the Fed’s General Counsel is appointed by the Board of Governors. By increasing transparency around this appointment, O’Malley will elevate its importance and ensure that only appointees who can prove independence and a will to work on behalf of the American people—and not the megabanks—will be appointed to it.

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