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The main reason Interest rates will go unchanged through November
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reformedbanker
Posted 4/3/2024 10:40 (#10691979 - in reply to #10691956)
Subject: RE: The main reason Interest rates will go unchanged through November


7 of the 12 voting members of the FOMC are appointed by the United States President and confirmed by the Senate. So it's really hard to argue that government does not control the Fed. It is also really hard to argue against that politicians are generally short sighted and deficit spending is a tool they use to buy votes.

Edited by reformedbanker 4/3/2024 10:41
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