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Federal ReserveFortune
•82% Informative
Former President Donald Trump said he should have more influence over interest rates.
Trump 's comments were brushed off by some in the financial world, but other major players were quick to condemn the idea that the Fed should be less independent.
A president in control of the Fed could mean that political motivations like reelection could be staked above economic data.
“If the president and the Congress together believe that some powers need to be changed, then they can do that, but it has to be a legislative process,” he said. A version of this story originally published on Fortune.com on August 11, 2024 . This story was originally featured on Fortune.com .
VR Score
85
Informative language
83
Neutral language
55
Article tone
formal
Language
English
Language complexity
53
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
11
Source diversity
7
Affiliate links
no affiliate links