Powell on Pressure From Trump: Fed Independence Remains 'Very Important'

Fed Independence - An independent central bank has served the public well and should be respected as long as it continues to do so [2] - Independence allows the Fed to make challenging decisions based on data and evolving outlook, not political factors [2] - Governments worldwide have chosen to distance monetary policy decisions from direct political control [3] - Without independence, there would be a great temptation to use interest rates to affect elections [3] - The importance of Fed independence is widely understood, particularly in Congress [4]