How Jerome Powell can save the Fed from Trump
Politico on Nov 27, 2017
“Every Fed chair understands at his or her core that their job is to protect the independence of the Fed, and one of the ways you do that is by maintaining a good relationship with the Congress,” said Laurence Meyer, a former Fed governor who now heads a policy analysis firm.
“Of course, if Congress views the Fed’s performance as seriously lacking, it is more likely to implement reforms that the [Fed] thinks would be damaging to the pursuit of its congressionally mandated objectives,” he added.