U.S. Fed chair reiterates political independence ahead of election

WASHINGTON, July 10 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell on Wednesday reiterated that the central bank will make decisions based on economic data and won't take political factors into consideration, as the central bank is expected to cut rates before the Nov. 5 election.

"We make our decisions based on economic data, evolving outlook, balance of risks. We don't take into consideration other thing