Slot Gacor Gampang Menang Situs Slot Gacor

Jerome Powell says he would not be able to ask Trump

"No," Powell answered simply when asked Friday morning during a panel at the annual American Economics Association conference alongside forms Fed chairs Janet Yellen and Ben Bernanke.

It's unclear whether or not they legally can hold four chairs, which they appoint for four-year terms. Trump chose Powell in 2017 to succeed Yellen, bucking the practice of reappointing Fed chairs to second terms.

Onstage in Atlanta on Friday, Powell said Trump had not directly expressed dissatisfaction to him, and that he has no plans to meet with Trump. White House aides have floated the idea of ​​investing in the forms of investment banks to put the President in person to alpine Trump's concerns.

"Meetings between presidents and Fed chairs do happen, but nothing's been scheduled," Powell told moderator Neil Irwin, an economics reporter for the New York Times.

Both Yellen and Bernanke spoke about the importance of insulating monetary policy decisions from political groups in order to reinsure investors that rate changes are solidly grounded in economic data.

Presidents Lyndon Johnson and Richard Nixon tangled with their Fed chairs, but more recently, the American leaders have refrained from commenting on policy decisions.

"Obviously the president has the right to comment on the Fed," Yellen said. "But it would be undermine confidence in the Fed."

Powell jumped in again to reiterate that the Fed would not be by comments from the President or any other politician.

"We are committed to achieving the goals that the law gives us, based on the best thinking," he said. "It's very much in the DNA of the Fed. We have a strong culture. It's not a fragile one, it's not subject to being disrupted, and I would like the public to have confidence in that." rates in December and has signaled that it would be open to considering rate changes in 201[ads1]9, even amid signs that the global economy is starting to slow.

Source link

Back to top button