Why Is FaceBook Funding “Anti-Fed” Activists

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Market Commentary

That’s what St. Louis Fed president James Bullard would like to know.
Moments after revealing that the Fed is very close to admitting that the stock market is in a bubble when he told Steve Liesman that “I think we are on the high side of fairly valued, I could see the process getting away from us, maybe tech stocks, maybe others“, he shifted to something totally different: the so-called Fed Up “activist protests” which have been taking place at Jackson Hole.
And, as the WSJ reported earlier, a day after an unprecedented gathering between left-leaning activists and many Federal Reserve officials, at least one central banker is questioning the group’s motives.
Bullard said funding of the Center for Popular Democracy’s Fed Up campaign, which draws in large part on a charity supported by ex- Facebook founder Dustin Moskovitz, whose net worth of $8 billion in 2015 made him the youngest billionaire according to Forbes – has raised questions for him about what the activists are really up to.

This post was published at Zero Hedge on Aug 26, 2016.