Powell on Fed independence: 'It should continue and be respected'

I I think that 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 continue and be respected. If it didn't serve the public well, then then it wouldn't be something that we should just automatically defend. But what it gives us and other central banks, what it gives you is the ability to make these these very challenging decisions that in ways that are focused on the data and the evolving outlook, the ba ...