Kashkari stresses importance of Fed independence

Federal Reserve Bank of Minneapolis president has expressed solidarity with Fed chair Jerome Powell and his colleagues on the Fed board, and stressed the importance of the central bank’s continued independence.

In an interview on stage at the US Chamber of Commerce Global Summit on April 22, Neel Kashkari said it was now “conventional wisdom in advanced economies” that “keeping monetary policy independent of short-term political considerations leads to better outcomes for that economy”. He