Powell: Fed needs independence to fight inflation, should avoid climate policy

STOCKHOLM, Jan 10 (Reuters) - The Federal Reserve's independence from political influence is central to its ability to battle inflation, but requires it stay out of issues like climate change that are beyond its congressionally-established mandate, Fed Chair Jerome Powell said on Tuesday.

"Restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy. The absence of direct political control over our decisions allows us to take these necessary measures without considering short-term political factors," Powell said in prepared remarks to a forum on central bank independence sponsored by the Swedish central bank.

https://www.reuters.com/markets/us/powell-fed-needs-independence-fight-inflation-should-avoid-climate-policy-2023-01-10/

Callers keep flooding 988 mental health, suicide helpline

https://apnews.com/article/health-mental-washington-suicide-313c20b2098469f04ccadcccdfd46b1b?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_06

>>18116358

Earlobes.

>>18116358

Ana Montes

https://en.wikipedia.org/wiki/Ana_Montes

• World Bank warns "new shocks" could tip the global economy into a recession, slashing growth forecasts for most countries.

https://twitter.com/disclosetv/status/1612826134110179329?cxt=HHwWgsDUgd209OEsAAAA

House Republicans to vote on bill abolishing IRS, eliminating income tax

https://www.foxnews.com/politics/house-republicans-vote-bill-abolishing-irs-eliminating-income-tax

>>18116910

Just poste dthat, too. Kek!

>>18116936

Yeah, even if it doesn't make it into the senate, let alone thru, it riles up shills and draws attention.

Rep. Earl L. “Buddy” Carter (R-GA) today introduced H.R. 25, the Fair Tax Act, to replace the current tax code with a national consumption tax known as the Fair Tax.

Joining Rep. Carter as original cosponsors are Reps. Andrew Clyde (R-GA), Jeff Duncan (R-SC), Kat Cammack (R-FL), Scott Perry (R-PA), Bob Good (R-VA), Thomas Massie (R-KY), Ralph Norman (R-SC), Bill Posey (R-FL), Gary Palmer (R-AL), Jim Banks (R-IN), and Barry Loudermilk (R-GA).

https://buddycarter.house.gov/news/documentsingle.aspx?DocumentID=10824

In the early United States, taxes were levied principally on consumption. Alexander Hamilton, one of the two chief authors of the anonymous The Federalist Papers, favored consumption taxes in part because they are harder to raise to confiscatory levels than income taxes.

https://en.wikipedia.org/wiki/Consumption_tax

>>18116960

>>18116958

>>18116948

>>18116902

>Ron Watkins