Fed's Schmid: Powell is a "Patriot," the Federal Reserve System Has Multi-Layered Independence
2026-02-25 16:32
According to Odaily, Federal Reserve official Schmid stated that Fed Chair Powell is a "patriot" who wants to do what is right for the country. The Federal Reserve system possesses multi-layered independence, political factors do not interfere in Fed policy debates, and this independence leads to wiser decisions. (Jin10)
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