The Federal Reserve is
Over the years, when Fed officials made all kinds of “promises,” investors learned to put one hand on their wallets and the other on their physical gold and silver safes. Just after Mr. Bernanke promised more transparency, the Federal Reserve decided not to release its m3 indicator of money supply. The United States is the only major industrialized country without m3 report. Under Jerome Powell’s leadership, earlier this year, the Fed quietly covered up the difference between M1 and M2 money supply indicators, making it almost impossible to distinguish between bank demand deposits and time deposits. This is important because each category provides information about the relative liquidity of the banking system. Now the difference cannot be evaluated. What is the Fed trying to cover up by canceling this economic report? Economic indices mask endless economic weakness

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