Kashkari says research criticism is new threat to Fed independence
Minneapolis Fed chief says comments by NEC director are continuation of pressure on monetary policy
The president of the Federal Reserve Bank of Minneapolis has said recent criticism of Fed research by a senior White House official amounts to a renewed attack on the US central bank’s independence.
“This is just another step to try to compromise the Fed’s independence,” Neel Kashkari said in remarks on February 19.
Kashkari was responding to comments made on February 18 by Kevin Hassett, director of the National Economic Council (NEC), a top economic advisor to president Donald Trump. In an
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