Federal Reserve's Schmid: Powell is a "patriot," and the Federal Reserve system has multiple layers of independence

According to Odaily, Federal Reserve's Schmid stated that Federal Reserve Chairman Powell is a "patriot" who wants to do the right thing for the country. The Federal Reserve system has multiple layers of independence, and political factors will not interfere with the Fed's policy debates. Independence leads to wiser decisions, and each Fed chairman has their own way of presiding over Federal Open Market Committee meetings. (Golden Ten Data)