BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Former Fed Vice Chair Randal Quarles on Fed Independence Under Trump
Former Fed Vice Chair Randal Quarles on Fed Independence Under Trump
20
3
Former Federal Reserve Vice Chair Randal Quarles has addressed concerns regarding the Federal Reserve's independence under President-elect Donald Trump. Quarles emphasized that the Fed's independence is safeguarded by structural protections that prevent presidential influence. He clarified that while the president can express views on Fed policy, the central bank is insulated from political pressure that could compromise its autonomy. Quarles made these remarks during a Bloomberg Television forum, aiming to dispel misconceptions about the Fed's operational independence.
