Birdwatch Note Rating
2022-08-26 23:09:43 UTC - HELPFUL
Rated by Participant: A4884A579E949BF2CC831780FA8E7CDD13AA2989AC97DE8F1B0A85CD050E258D
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
All Note Details