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Federal Reserve Schmidt: Jerome Powells are “patriots,” and the Federal Reserve system features multi-layered autonomy
Svmuu News Federal Reserve: Schmidt stated that Federal Reserve Chairman Jerome Powell is a “patriot” who wants to do what is right for the country. The Federal Reserve system features multiple layers of independence, ensuring that political factors do not interfere with Federal Reserve policy debates. This independence leads to wiser decision-making, and every Federal Reserve chairman has his own way of presiding over Federal Open Market Committee meetings. (Jin Shi)
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