Central Banks
Harris Says She Won’t Interfere With Fed in Rebuke to Trump
- Trump has said he has better instincts than Fed officials
- Democratic nominee says central bank is ‘independent entity’
Vice President Kamala Harris during a campaign event in Phoenix, Arizona, on Aug. 9.
Photographer: Rebecca Noble/BloombergThis article is for subscribers only.
Vice President Kamala Harris said she would respect the Federal Reserve’s independence, seeking to draw a contrast with her 2024 Republican rival Donald Trump, and that she plans to roll out elements of her economic agenda in the coming week.
Harris was asked about Trump’s recent comments that presidents should have some say over interest rates and monetary policy – a move that would upend the longstanding practice of Fed independence of political actors.