And I think that's probably one of the reasons the Chairman asked me to take this on what specifically might that bipartisan legislation safeguarding the Fed's independence look like? Well, remember, The Fed leadership is appointed by or nominated by the President, confirmed by the United States Senate. I think that's still a solid foundation and that gives this President and future Presidents the ability to influence policy by the people they nominate. (03:51–03:58)
CLAIM
Asserts that the Federal Reserve leadership is appointed by the President and confirmed by the Senate.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
