Birdwatch Note Rating
2022-08-26 23:09:43 UTC - HELPFUL
Rated by Participant: AF6CB8FB207FC05B14AB2B0C24CBEB60CAA03AD9B1AD63C75335A1A4BC5C12A0
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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