Senators make the case for the Federal Reserve's independence

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Senators make the case for the Federal Reserve's independence
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'However constitutionally flawed the federalreserve is, its independence has proven time and time again to lead to a pragmatic decision-making body, at least relative to the chaos coming from Congress & the White House,' TianaTheFirst writes.

However constitutionally flawed the Federal Reserve is, the central bank's independence has proven time and time again to lead to a pragmatic decision-making body, at least relative to the chaos coming from Congress and the White House.

"Chair Powell, if you could speak directly to the 2 million hard-working people who have decent jobs today who you’re planning to get fired over the next year, what would you say to them? How would you explain your view that they need to lose their jobs?" Warren asked Powell. The monetary inscience isn't exclusive to Democrats, though Warren may be the most shameless. Sen. John Kennedy struck a similar note.

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