WASHINGTON, D.C. – Today, Senator Thom Tillis released the following statement on the importance of an independent Federal Reserve:

“The independence of the Fed is paramount. Terminating Chairman Powell risks a protracted legal battle with potential economic consequences like the disruptions we briefly saw in U.S. Treasury and dollar markets yesterday. These impacts will only threaten the foundation for long-term economic growth, including all the economic progress made by President Trump over the last six months. While dramatic fluctuations may not make the wealthy lose sleep at night, they can seriously harm those working-class Americans I grew up with who are already struggling to get by.” 

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