Birdwatch Note Rating
2024-08-17 19:28:20 UTC - HELPFUL
Rated by Participant: B1602DC5A0A82E984FDF879F67C00C065E113C8DE263BDDAB7BD71FB27B4221A
Participant Details
Original Note:
The President has no role in monetary policy and can't lower interest rates, the "independent" FED does that. The last time the FED was pressured by politics led to decade long inflation under FED chair Miller "Without question the most partisan and least respected.." https://en.wikipedia.org/wiki/G._William_Miller https://www.cfr.org/backgrounder/what-us-federal-reserve#:~:text=Its%20core%20responsibilities%20include%20setting,and%20the%20COVID%2D19%20pandemic. https://fortune.com/2023/02/01/pandemic-stimulus-money-caused-excess-inflation-fed-study/
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