We don't consider political factors or things like that," Powell said at a press conference Wednesday after the Fed raised rates for the third time this year. "That's who we are. That's what we do. And that's just the way it's always going to be for us."
Powell was responding to a question about extraordinary criticism from the president in two interviews this summer.
Presidents generally avoid commenting on Fed policy. But Trump told CNBC in July and Reuters in August that higher rates undermine America's competitive edge against other countries.
Sounds like a plan!
Powell was responding to a question about extraordinary criticism from the president in two interviews this summer.
Presidents generally avoid commenting on Fed policy. But Trump told CNBC in July and Reuters in August that higher rates undermine America's competitive edge against other countries.
Sounds like a plan!
