For five minutes. Thank you so much Mr. Chairman. I do appreciate you having this important hearing today and thank you to the witnesses for being with us. The Fed's independence is the bedrock of our financial system. And throughout modern history the Fed for the most part has done a good job not giving into outside political pressure. At the end of the day, it is up to the Fed to ensure its independence. (24:35–24:40)
CLAIM
Asserts that the Federal Reserve's independence is fundamental to the financial system.
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.
