Birdwatch Note Rating
2022-08-26 23:25:15 UTC - HELPFUL
Rated by Participant: 04E0788AD810050418BBEDAFD2481E90904248E2538D9D4DF90E461C3C37604C
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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