Fed’s 2009 Transcripts Show Blurry Line Between Politics, Policy

The Federal Reserve was well aware in 2009 that its emergency steps to save the U.S. economy were trespassing on political ground and would have repercussions on Capitol Hill.

Federal Open Market Committee transcripts released in Washington on Wednesday showed officials knew their actions would have consequences. They are still dealing with the fallout from Congress, where some lawmakers say they have mixed politics with policy.