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Friday, June 21, 2024

Kohn warns Congress on meddling in Fed’s affairs

WASHINGTON (Reuters) - The Federal Reserve on Thursday launched a robust defense of its independence and warned that efforts in Congress to put monetary policy under political sway would hurt the economy.
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WASHINGTON (Reuters) – The Federal Reserve on Thursday launched a robust defense of its independence and warned that efforts in Congress to put monetary policy under political sway would hurt the economy.