Trump’s public attacks have ‘no effect’ on Fed policy, Rosengren says

KEY POINTS
  • Rosengren said people “are entitled to opinions,” but added that “unless it’s data driven, it doesn’t have much of an influence on how I think about what we should be doing.”
  • Trump has criticized the Fed keeping interest rates at levels he thinks are too high. Earlier this month, Trump said the current levels of fed rates was “unnecessary.”
  • But Rosengren said the tweets are not the subject of conversation in Fed meetings, noting: “I can’t recall them being mentioned at all.” Read More @ https://www.cnbc.com/2019/07/19/trumps-public-attacks-have-no-effect-on-fed-policy-rosengren-says.html

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