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Paul warns politicizing the Fed harms trust
Jerome Powell, Chair of the U.S. Federal Reserve, warned against politicizing the board and its potential impact on its independence. He considered that politicizing democratic institutions could threaten public trust and undermine the fundamental principles that distinguish the Federal Reserve, including its independent monetary policy decisions. He emphasized that the bank has tools to protect its independence from political intervention, noting that he has remained in his position even after his term ended, in accordance with decisions aimed at safeguarding democratic institutions and the independence of the board.
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