In veiled message to Trump, Powell warns against meddling on Fed rates
Politico on May 25, 2018
Laurence Meyer, a former Fed governor who now heads a policy analysis firm, said the remarks underscore Powell’s style of being particularly direct for a Fed chairman. He said there was “no question” that those words were aimed in part at the president.
“He may see this statement as especially important to emphasize that, notwithstanding that Trump nominated him as chair, he is absolutely committed to and will vigorously defend the independence of the Fed as [it] continues to raise rates gradually to avoid an unacceptable rise in inflation,” Meyer said.25