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Your response was to the poster who said "It's a complex system, a feedback loop." That about sums it up. Your seven people operate inside this system. They don't have complete freedom to do what they want willy nilly.


Jerome Powell does actually have the freedom to do what he wants willy nilly. He might have consequences but he has the power and freedom to "set the price" of the USD.


Jerome has levers to nudge things up or down to implement policy. But he is not the final arbitor. The market is. It always is.


No, he doesn't. There are feedback loops that mitigate his power. Thus no one "controls" it. Different people have different levers.




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