I feel the president should have at least say in there. In many cases, I think I have a better instinct than people that would be on the Federal Reserve, or the chairman.
Former Treasury Secretary Larry Summers criticized Trump's idea, stating it was 'appalled at how bad an idea it was.' Summers highlighted Trump's lack of close connection to the economy compared to Fed leaders.
Vice President Kamala Harris expressed she wouldn't interfere with the Fed if elected president, taking a stance contrasting Trump's views on Fed independence.
History shows the Fed's evolution towards independence, moving away from early co-dependency with the Treasury Secretary and Congress, as outlined by former Fed Bank of Richmond editor Stephen Slivinski.
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