Topline
Federal Reserve Chairman Jerome Powell is hopeful the central bank will maintain its historic independence under President-elect Donald Trump, he expressed Wednesday, the latest in a spotty history between Powell and Trump as the latter has often jabbed at the Fed.
Donald Trump, left, and Jerome Powell in 2017.
Key Facts
“I’m not concerned that there’s some risk that we would lose our statutory independence,” Powell said at the New York Times’ DealBook Summit.
“There is very, very broad support” for the Fed to pursue monetary policy “for the benefit of all Americans at all times, not for any particular political party or political outcome,” Powell explained.
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