"Federal Reserve's Mouthpiece": The independence of the Federal Reserve stems from Congressional authorization, implying it is not under the President's will

ME News message: On May 4 (UTC+8), “Fed’s megaphone” Nick Timiraos said that the Federal Reserve’s autonomy—often referred to as its independence—comes from its institutional setup by Congress. Congress established a committee made up of officials with long and staggered terms, protected from removal, and granted the institution full control over its budget (and buildings). (Source: PANews)

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