Fed Chair Powell Reaffirms Central Bank’s Political Independence
Jerome Powell stressed the Federal Reserve’s autonomy, underscoring its focus on long-term goals and service to the American public.
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Terms & Concepts
Federal Reserve: The central banking system of the United States, responsible for implementing monetary policy, regulating banks, and maintaining financial stability.
Monetary Policy: The process by which a central bank manages the supply of money and interest rates to influence economic activity.