Sen. Thom Tillis wants the Senate Banking Committee to probe the Federal Reserve’s independence
Republican Sen. Thom Tillis is calling for the Senate Banking Committee to probe the Federal Reserve’s independence after a former agency official suggested the upcoming presidential election “falls within the Fed’s purview” as it considers whether to cut interest rates.
“I am very disappointed that former Fed monetary Vice Chairman Bill Dudley is lobbying the Fed to use its authority as a political weapon against President Trump,” Tillis said in a statement. “The President is standing up for America against China after 30 years of our country and our workers being ripped off and there is now an effort to get the Fed to try to sabotage the President’s efforts.”
By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time.“The only problem we have is Jay Powell and the Fed,” Trump tweeted last week. “He’s like a golfer who can’t putt, has no touch. Big U.S. growth if he does the right thing, BIG CUT — but don’t count on him! So far he has called it wrong, and only let us down.”
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