7/19/2018, 8:21 PM (Source: TeleTrader)
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White House downplays Trump's jab at Fed

The White House issued a statement on Thursday after a snippet from President Donald Trump's interview was aired by CNBC, and denied he is trying to influence monetary policy.

“Of course the president respects the independence of the Fed, as he said he considers the Federal Reserve Board Chair Jerome Powell a very good man and that he is not interfering with Fed policy decisions. The president's views on interest rates are well known and his comments today are a reiteration of those long-held positions and public comments," the release says.

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