Powell Says He Doesn't Think Fed Will Lose It's Independence

The point of of independence is not to protect policymakers or anything like that. It just is that every advanced economy, democracy in the world has come around to this common practice. It's just an institutional arrangement that is that is served the people well, and that is to have a separation between.I do not have direct elected official control over the setting of monetary policy. And the reason is that monetary policy can be used, you know, through an election cycle to to affect the economy in a way ...