Fed Chair Defends Independence

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Federal Reserve Bank

PBS

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Fed's independence from politics is vital to interest rate decisions, Powell says

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73% Informative

Jerome Powell : Federal Reserve's ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans ” The Fed chair said he was confident of widespread support in Congress for maintaining the central bank’s independence.

Several other Fed officials have said this week that they expect to cut rates further, without committing to a reduction at their next meeting.

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semi-formal

Language

English

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not offensive

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