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Trump Allies Draft Plans to Reduce Fed's Independence, Raise Concerns /
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2024-07-08 01:55:42

Trump Allies Draft Plans to Reduce Fed's Independence, Raise Concerns on Nostr: Federal Reserve Emphasizes Political Independence Amid Presidential Campaign ...

Federal Reserve Emphasizes Political Independence Amid Presidential Campaign
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#6e491e74 ver:0.32

The Federal Reserve emphasizes its political independence amid the presidential campaign, as real estate tycoon Grant Cardone supports Trump's proposal to control the central bank. However, economists and lawmakers express concern about eroding the Fed's independence. Fed Chair Jerome Powell assures that the upcoming election won't sway policy choices and highlights the importance of independence for financial stability. Transcripts reveal that political considerations are part of the mix of forces shaping the Fed's policy choices. The White House defends the Fed's independence, while the Fed seeks support in Congress for its independence. #FederalReserve #Independence #PresidentialCampaign...

#newstr #FederalReserve #PoliticalIndependence #PresidentialCampaign #InterestratePolicies #Congress #JeromePowell #DonaldTrump

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