Birdwatch Note Rating
2024-09-19 14:31:09 UTC - HELPFUL
Rated by Participant: 4E8F72BFAA466C25DCF6A07207AB50ECB6F604CF215216B9AC04121C03AFA2EB
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.
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