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The Independence of the edf... an Illusion?
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Since Donald Trump's relentless attacks on Powell, the president of the Federal Reserve, the independence of the Federal Reserve has become the ultimate symbol of the monetary authorities' resistance to political power. In theory, if it is desirable that the central bank be free from political pressure, in practice, history shows us that this is more an exception than a rule... The Federal Reserve was not born independent The Fed, created in 191…
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