Vice President of the United States Kamala Harris Saturday’s clear commitment to maintenance Fedif she wins independence presidential election November 5th.
Harris said: “The Federal Reserve is an independent entity, and as president, I will never interfere with the decisions made by the Federal Reserve.” She further assured that her administration will respect autonomy Fed.
Harris also mentioned that she will announce her economic policy stance next week.
“It will focus on the economy and what we need to do to reduce costs and strengthen the overall economy,” Harris said.
Her comments came against the backdrop of a recent surge in U.S. unemployment that has led to volatility in global stock markets.
When asked about these concerns and potential actions by the Fed, Harris expressed confidence in the Fed’s ability to manage the situation, saying: “As we know, there was turmoil this week, but it appears to have resolved itself. We Will see…what they decide next.
The president should have a say: Trump
In stark contrast to Republican presidential candidate and former President Harris Donald TrumpRecently, he said that he believes that the President of the United States should express his opinion on the Federal Reserve’s decision. “I think the president should at least have a say in what the Fed decides,” Trump said during a speech at his Mar-a-Lago residence in Florida.
It’s one of Trump’s clearest signs yet that he may seek to limit the Fed’s independence if re-elected. Earlier this year, a Wall Street Journal report suggested Trump allies had drafted proposals to reduce central bank autonomy, according to Reuters.
Harris said: “The Federal Reserve is an independent entity, and as president, I will never interfere with the decisions made by the Federal Reserve.” She further assured that her administration will respect autonomy Fed.
Harris also mentioned that she will announce her economic policy stance next week.
“It will focus on the economy and what we need to do to reduce costs and strengthen the overall economy,” Harris said.
Her comments came against the backdrop of a recent surge in U.S. unemployment that has led to volatility in global stock markets.
When asked about these concerns and potential actions by the Fed, Harris expressed confidence in the Fed’s ability to manage the situation, saying: “As we know, there was turmoil this week, but it appears to have resolved itself. We Will see…what they decide next.
The president should have a say: Trump
In stark contrast to Republican presidential candidate and former President Harris Donald TrumpRecently, he said that he believes that the President of the United States should express his opinion on the Federal Reserve’s decision. “I think the president should at least have a say in what the Fed decides,” Trump said during a speech at his Mar-a-Lago residence in Florida.
It’s one of Trump’s clearest signs yet that he may seek to limit the Fed’s independence if re-elected. Earlier this year, a Wall Street Journal report suggested Trump allies had drafted proposals to reduce central bank autonomy, according to Reuters.
