In a recent segment on CNN NewsNight, anchor Abby Phillip confronted Scott Jennings regarding President Trump's ongoing attacks on Federal Reserve Chairman Jerome Powell. The discussion revolved around whether the Fed should operate independently of presidential influence on monetary policy. As Jennings argued that Trump should be allowed to express opinions on monetary policy, Phillip persistently pressed him to clarify his stance on the independence of the Fed, emphasizing its critical role devoid of political pressures.
I'm going to step in here because I don't want us to change the subject, okay? We are talking about the independence of the Fed. Do you agree or disagree that the Fed should be independent?
I think the president ought be able to have opinions. But I don't. I just think the idea that the president should not have any opinion about monetary policy is crazy.
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