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Powell: If the Federal Reserve remains independent, it will do a better job on inflation

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2024-11-14 20:57:13
Federal Reserve Chairperson Jerome Powell said the Fed would do better on inflation if it remained independent. The Fed needs to maintain a high degree of transparency, which requires the Fed to remain independent. There has been a strong response to inflation, which has helped anchor inflation expectations.
Mr. Powell said the Fed does not consider the interests of any political party when making decisions. Politics could be a distraction.
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