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🎙“If a thousand lives I had, a thousand lives I would give for the liberation of my homeland.” - See who said it and why it matters at the bottom.
Editor's note: I tried to get cute in yesterday's newsletter and wrote that the Fed serves at the pleasure of the president in the first story. That is incorrect and I apologize for any confusion.
- From a reader, who also happens to oversee media relations for the Fed: "The president appoints Board members and they are approved by the Senate, but ... they can’t be removed at the pleasure of the president. The Board is structured to give it independence. Board members have 14 year terms. The chair has a four year term."
Quote: "If a thousand lives I had, a thousand lives I would give for the liberation of my homeland."
Why it matters: On April 21, 1792, Tiradentes, or Joaquim José da Silva Xavier, was hanged, drawn and quartered for his role in the movement for Brazilian independence from Portuguese imperialism. He became a symbol of the movement and is viewed as a national hero of Brazil.