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Jerome Powell: “We don't think you're a straight shooter"

New Books in Economics

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Navigating Interest Rates and Politics

This chapter examines the intricate decision-making process of the Federal Open Market Committee (FOMC) regarding interest rate cuts amid the political landscape of the upcoming 2024 elections. It explores how political factors influence timing, communication strategies, and perceptions of the Federal Reserve's independence. The discussion also reflects on the potential implications of upcoming leadership changes and the Fed's relationship with political figures, particularly the challenges of maintaining credibility and public trust.

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