Cohn Warns Against Presidential Influence

This is a US news story, published by MSN, that relates primarily to Don Cohn news.

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CNBC

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Politics and monetary policy: Dangers of meddling with the Fed

Summary

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64% Informative

Former Fed Vice Chair Don Cohn warns about presidents and politicians trying to influence the US central bank's interest rate policy.

He says eroding that independence would allow politicians whose horizons extend only to the next election to have an effective say on policy that would produce inflation, economic stability, instability.

Cohn: President Trump softened what he what he has said recently that he should be able to influence it.

Alan Greenspan always said if you take care of the first mandate, the second will follow.

Ultimately, the Fed 's responsibility is getting to price stability and to that, yeah, in a way that lets the labor market be as buoyant as possible.

Ed is protecting the independence of the Fed is absolutely crucial.

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informal

Language

English

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