Birdwatch Note Rating
2022-08-30 11:03:12 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 3824E0EDE8FAE09CA855D50A540D81A80AFAB7C5721443AF506258A2EC339697
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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