Fed nominees vow to rebuff pressure from Trump on interest rates

The Hill: President Trump’s two latest nominations to the Federal Reserve touted their independence Tuesday to a Senate panel that expressed concerns about the White House’s influence on the central bank.

Fed vice chairman nominee Richard Clarida and Fed governor nominee Michelle Bowman told the Senate Banking Committee that they wouldn’t yield to pressure from Trump to keep rates low and would speak out against excessive regulatory rollbacks.

Read article

Share