Goldman's top economist says Fed probe threat adds to independence worries

From zawya.com

Goldman Sachs' chief economist Jan Hatzius said on Monday that a criminal indictment threat facing Federal Reserve chief Jerome Powell would reinforce worries about the U.S. central bank's independence, but he expected the ​Fed to continue to make decisions based on data. U.S. President Donald Trump's administration has ramped up its pressure on ⁠the Fed, threatening to indict Powell over comments to Congress about a building renovation project, an action Powell called ⁠a "pretext" by the administration to gain more influence over interest rates which Trump wants cut dramatically. "Obviously there are more ... (full story)