Potential Fed Chair Successor Waller Does Not Welcome Trump's Idea to Interfere With Fed Independence
"Gold Finance reported that former U.S. President Donald Trump wants the White House to have a say in interest rates, a view that a Federal Reserve governor considered a likely successor to Chair Powell dismissed rather dismissively. Earlier in September, Waller (Christopher Waller) was asked about his thoughts on Trump's viewpoint, and he pointed out that Congress and the financial markets strongly support the Fed's autonomy in setting interest rates. “If the president wants to complain about this, he's perfectly free to do so like everyone else,” Waller said. “He's entitled to those damn opinions, but it doesn't mean I have to listen or adjust policy."