Birdwatch Note Rating
2024-09-19 02:11:03 UTC - HELPFUL
Rated by Participant: 8510AB1ACCDA02715E97F2EE33DF2E4D651690F63CEAB42CF7428454CD80ABB6
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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