Fed's Waller Discusses Fed Independence (April 2025)

Central Bank Independence - Central bank independence is critical to the well-functioning of the US economy [2] - The speaker has researched the value of central bank independence for 20 years and data shows lack of independence is not a good thing [3] - Maintaining central bank independence allows for non-political decision-making [3][5] Criticism and the Role of the Chair - Criticism from markets, Fed watchers, and average consumers is part of the job of the chair [4] - The next chair will need to continue the tradition of central bank independence [5] - The president is free to express opinions, but the focus should remain on data and the job itself [1][2]