It didn't happen prior to the necessary increases, frankly, in interest rates, which he should have started sooner, and we would have had a much softer landing in all of this. Nor has he responded Jay Powell [has not responded] quickly enough to the shifting economic opportunities. We really need a Fed that remains independent, Maria, for sure, but not independent of the economic movement of the country to include, by the way, the executive branch and the legislative branch of our country. (07:52)
CLAIM
Asserts that Jay Powell has been slow to respond to economic changes.
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.
