Birdwatch Note Rating
2022-08-30 11:06:13 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 98EA8C9EF2CF2E4A944339A72DE903269A61342CE292FAAFC0A9AF43D4EF3C0C
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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