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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.

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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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