Federal Reserve Chairman Jerome Powell's response to questions about President Trump's policies
Federal Reserve Chairman Jerome Powell avoids commenting on Trump's policies despite reporter's attempts to provoke criticism. Trump and Powell largely in agreement about monetary policy. Powell emphasizes Fed's independence and stays out of politics.
Key Points
- Powell and Trump largely in agreement on monetary policy
- Powell refuses to criticize Trump's policies
- Media mischaracterizes Trump's speech as pessimistic
Pros
- Powell maintains Fed's independence
- Stays out of politics
Cons
- Reporter's attempts to provoke criticism
- Media misinterpretation