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{
    "id": 472054,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/472054/?format=api",
    "text_counter": 29,
    "type": "speech",
    "speaker_name": "Sen. Wetangula",
    "speaker_title": "The Senate Minority Leader",
    "speaker": {
        "id": 210,
        "legal_name": "Moses Masika Wetangula",
        "slug": "moses-wetangula"
    },
    "content": " Mr. Speaker, Sir, first, I want to thank the Deputy Speaker for bringing this Question to the Floor. Interest rates will always determine the direction of the economy. If you look at comparable jurisdictions that embrace market economy and the country, Kenyans are so fond of quoting the United States of America (USA). In the USA, even as they believe in market forces, there is no circumstance under which banks can wake up and impose interest rates on the economy other than the Chairman of the Federal Reserve. That is why when a new person takes over the Federal Reserve, it becomes big news in the economy of USA. You heard two months ago when everybody was talking of “Yellen Effect” because this lady The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}