RBA governor praises Fed’s independence following Trump’s attacks
Bullock says US central bank is “doing what it’s supposed to be doing”
The governor of the Reserve Bank of Australia has praised the US Federal Reserve’s independence in the face of repeated criticisms from president Donald Trump.
Speaking on July 24, Michele Bullock said the Fed had preserved its independence despite recent “challenges”. She added that the institution had stuck to its mandate and avoided “getting drawn into” a political debate.
RelatedAustralia surprises observers by holding ratesBoard keeps policy rate at 3.85% in split vote, citing higher-than
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Governance
Bessent: Fed heads should come from districts they represent
US Treasury secretary says measure would not be applied retroactively
Fed officials’ stock trading must be reined in, say experts
Ethics violations by FOMC members mean it is time to overhaul rules, former policy-makers argue
Experts see Japan’s PM having limited impact on BoJ independence
Takaichi’s hints on policy direction have precedent in Abenomics, former bank officials say
No excuse for ex-Fed governor’s rules violations, say experts
Kugler found to have made stock trades during FOMC blackout period
Lebanon strengthens oversight of financial system after US visit
Central bank tightens AML/CFT rules as Washington tells it to contain Hezbollah funding
Reform UK’s BoE plans dismissed as ‘Trump-lite’
Former Bank of England officials unconvinced by proposals to fire current governor, change MPC and add growth remit
Posen predicts Supreme Court will side with Cook
However, PIIE president tells panel that justices are still likely to undermine Fed independence
Is independence compatible with climate action?
Lessons from China indicate relationship between governments and central banks may need to change, argues Mathias Larsen