He won't, of course, but he must:"The Federal Reserve has, for the last two decades, acted contrary to law which requires us to promote stable prices. Prices have been anything but stable whether in the grocery store, car dealership or in real estate and further we have explicitly promoted and stated that a 2% inflation target is our goal, which is unlawful. This ends today.Because the Federal Government has taken our alleged "mandate" as a license to emit credit on an unbounded basis, and doing so has produced not prosperity but rather asset bubbles, and inevitably increasing the credit supply faster than economic expansion with rates below that expansion effectively pay people to borrow whether for productive purposes or not we now have a runaway, exponential increase in both government debt and interest expense. One cannot reduce interest expense through rate reductions without producing an ever-faster.......(Click link to read more)