Powell: Opposing the President's Proposal to Express His Opinion on Interest Rate Policy
2024-12-04 21:44:12
On December 4 local time, Federal Reserve Chairperson Powell said in an interview on the same day that the Federal Reserve was created by Congress to act on behalf of all Americans, regardless of politics, and this is "the law of the country". Powell added that he was not worried that Congress would change the independence of the Federal Reserve and opposed suggestions that the president should have a say in interest rate policy.
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