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Fitch: Fed Independence Is Key Factor Supporting US 'AA+' Rating
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The independence of the Fed is a key factor supporting the AA+ US sovereign rating, Rating agency Fitch said. Fitch will continue to monitor developments in US national governance, including checks and balances between institutions and the Fed's performance in achieving stable inflation in its assessment of the US sovereign rating. Previously, the US government threatened to sue Fed Chair Jerome Powell, involving the Fed's renovation project at the Marriner S. Eccles Federal Reserve Board Building in Washington, D.C.. Powell claimed this move was an excuse, with the White House aiming for greater influence over the Fed and monetary policy. AASTOCKS Financial News Website: www.aastocks.com |
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