Birdwatch Note Rating
2022-08-29 22:19:04 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 02483934F90A9A8B66B7D1ABE9B1DDAB97794B28DE2731235A958EEE16DFBC4E
Participant Details
Original Note:
On the Federal Open Market Committee - which decides Fed policy - 4 members were appointed by Biden, 3 by Trump, and 5 aren't chosen by the President. https://www.brookings.edu/opinions/who-has-to-leave-the-federal-reserve-next/ The Fed's aim is to bring inflation down in line with its legal mandate. It will slow growth but wants to avoid recession. https://www.federalreserve.gov/newsevents/speech/powell20220826a.htm
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