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Powell: If the Federal Reserve remains independent, it will do a better job on inflation
The Federal Reserve Reserve Chairperson Powell said that if the Federal Reserve maintains independence inflation will continue
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.
2024-11-14 20:57:13
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