Birdwatch Note Rating
2024-09-19 11:38:25 UTC - HELPFUL
Rated by Participant: B88B4B9EB01CD1D5A812367B9E7572770C7AFB42708000581E8E256FF8DB95FA
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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