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The advisory committee, composed of executives from large insurers, hedge funds and big banks like JPMorgan Chase and Goldman Sachs, meets on a quarterly basis to provide advice to the U.S. Treasury. The latest letter, as many over the prior quarters, discussed the department’s financing strategy, deficits, and buybacks.
But the near 3,300 word letter also included a paragraph on the Fed that ended with a compelling sentence. “The Committee felt strongly that independence of the FOMC remains of paramount importance to a healthy and well-functioning Treasury market with widespread investor demand,” it said.
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