Look, I think that the Fed's monetary policy independence is very important. I think that a lot of the issues around the independence are being created by the other things that are happening. So let's look Under Chair Powell's watch, we will have seen between four to six governors and presidents have to resign for ethical issues. That's out of 19, Joe. If that happened at a Wall street firm, CEO would be out. And we found out in hindsight most of the time it's not transparent. (11:16–11:25)
CLAIM
Asserts that 4-6 Federal Reserve governors and presidents resigned due to ethical issues under Chair Powell.
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.
