Wells Fargo CEO: Trump is entitled to be vocal about the Fed

Fed Independence - The industry absolutely supports the independence of the Fed [1] - The Fed is independent [1] - Terms of Fed officials are not coterminous with those of elected officials for a reason [2] - Every president considers various factors, including views on interest rates, when appointing someone to the Fed [2] - There's a difference between the president having an opinion on interest rates and believing that changes the Fed's independence [3] - Various figures, including senators, have views on what the Fed should do [3] - The current president is very vocal about the Fed [4] - An administration is entitled to be vocal about the Fed [4] - The Fed should act based on the information it sees [4]