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 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. You can't be independent of what's working and pretend somehow you have to be an outlier or a contrarian just because you're, quote, independent. (07:28–07:37)
CLAIM
Asserts the Federal Reserve should be independent but aligned with the country's economic trends.
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.
