Trump’s potential Federal Reserve pick says it would be ‘superficial’ for her to answer yes or no on whether the central bank is independent
The Federal Reserve has long been regarded as independent from political influence. But its reputation has been called in to question in recent months after unprecedented pressure to lower rates from President Donald Trump. When asked by Markets Insider whether the central bank was currently an independent institution, Shelton said it would be"superficial" to answer yes or no. Shelton is a former adviser to the Trump campaign and transition team.
The Federal Reserve has long been regarded as independent from political influence. But its reputation has been called in to question in recent months after unprecedented pressure to lower rates from President Donald Trump. When asked by Markets Insider whether the central bank was currently an independent institution, Shelton said it would be"superficial" to answer yes or no. Shelton is a former adviser to the Trump campaign and transition team.
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