Birdwatch Note Rating
2023-08-29 11:18:06 UTC - HELPFUL
Rated by Participant: 119BA8A244A0DCD786654D05B0432F422099C8BC8E5BD87BA643CB1A5ACFDFB2
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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