“Let’s be clear: this is a #racist, #misogynistic, & #unlawful attack on the integrity & #independence of the #FederalReserve. It is a dangerous attempt to politicize & exert control over the #CentralBank — one that will only continue to damage the #economy, harm hardworking Americans, & undermine our credibility on the world stage."

#law #economy#Trump#LisaCook#CBC#AbuseOfPower

He did not address Trump's moves directly but laid out what he described as the "foundations" for #CentralBank credibility.

#Independence was vital so central bankers are able to set interest rates & use tools like quantitative easing, "based on economic considerations in the long-term public interest, free from short-term political interference," the former #Bank of Spain Governor said.

#Trump #law #economy#FederalReserve#LisaCook#AbuseOfPower

The new head of the #Bank for International Settlements used his first prominent speech to stress the need for central banks to focus on #inflation & for their #independence from #politicians to be protected.

"A clear price stability mandate, independence & accountability are the anchor, hull & mast of the monetary policy vessel," Pablo Hernandez de Cos, who in July took over as General Manager of #BIS, often dubbed the central bankers' #CentralBank, said.

#Trump #law#FederalReserve#LisaCook

Elliot Hentov, Head of Macro Policy Research at State Street told Reuters the #market is still trying to determine whether the Fed's #independence is being eroded, but he thinks investors aren't taking that threat seriously enough yet.

#law #economy#AbuseOfPower