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Claudia Sahm: The Federal Reserve Isn’t Political. Well, Not Exactly.


The central bank won’t use monetary policy to influence the race for the White House, but it will seek to ensure that its current powers remain after the election. In an interview with 60 Minutes that aired Sunday, Federal Reserve Chair Jerome Powell was asked “to what degree does politics determine your timing” of when to reduce interest

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Posted: February 8, 2024 Thursday 05:00 AM