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“I think having an independent central bank has been an institutional arrangement that has served the public well, and as long as it serves the public well, it should be continued and be respected,” Federal Reserve Chair Jerome Powell says. https://t.co/R3i0FTmwyv
Powell: Fed independence serves the public well. If it hadn't, wouldn't be such a strong case for defending it. But gov'ts everywhere seem to have concluded it's a good idea.
Fed Chair Powell (Q&A), when asked about Fed independence, says having an independent central bank has served the public well, and as long as that happens should be respected and continued
Federal Reserve Chair Jerome Powell reiterated the importance of maintaining the U.S. central bank’s independence, calling it an institutional arrangement that has "served the public well." Speaking during a question-and-answer session on July 30, Powell said that as long as that benefit endures, the Fed’s autonomy should be “respected and continued.” Powell added that governments worldwide appear to have reached a similar conclusion on the value of independent monetary authorities. The remarks come as lawmakers and presidential candidates have increasingly scrutinized the Fed’s policy decisions and its balance-sheet expansion.
