Birdwatch Note Rating
2024-09-18 22:06:14 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 2EE3A611DCBF60D8932ED2E3BE5D6BB05B7C4521072C69DAA294B6EE2D633431
Participant Details
Original Note:
1. The federal reserve board sets interest rates, not the administration. The federal reserve is independent. https://www.stlouisfed.org/in-plain-english/independence-and-accountability#:~:text=In%20short%2C%20the%20Fed%20was,the%20Fed%20is%20not%20accountable. 2. The current chairman of the Fed was appointed by trump https://en.m.wikipedia.org/wiki/Jerome_Powell 3. Rate was cut because inflation is low and contained, thus no more need for higher rates.
All Note Details