WNYT NewsChannel 13 on Nostr: nostr:note1yh60ss6r77l6wt79r9s6jmsq3qk7dadjaqah4puupgm7v8fnnj6s668zwt
quoting note1yh6…8zwtFederal Reserve Emphasizes Political Independence Amid Presidential Campaign
===============
#6e491e74 ver:0.29
The Federal Reserve emphasizes its political independence amid the presidential campaign, as real estate tycoon Grant Cardone supports Trump's proposal to control the Fed. 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 topics are considered in economic analysis, but Powell dismisses any evidence of political influence. The White House defends the Fed's independence, emphasizing its importance in controlling inflation. The Fed releases a report stressing the need for independence and seeks support in Congress. President Biden re-nominates Powell, who is not focused on the potential threat to independence if Trump is elected again. #FederalReserve #Independence #Election2024...
#newstr #FederalReserve #PoliticalIndependence #PresidentialCampaign #InterestratePolicies #Congress #JeromePowell #DonaldTrump #Economy #Inflation #CapitolHill
https://here.news/story/6e491e74?ver=0.29