Trump's Fed Nominee Shelton Says 'No One Tells Me What to Do'

The transcript discusses the independence of Chairman Powell and the Federal Reserve amidst political pressure and criticism from the President. It highlights the importance of the Fed's autonomy in decision-making, the historical context of such independence, and the commitment of Fed members to remain unbiased. The dialogue also touches on the President's public criticism and its impact on the Fed's operations.

What is the main focus of the discussion regarding Chairman Powell in the first section?

• His professional conduct and independence in decision-making.

• His financial policies.

• His ability to follow the President's directives.

• His relationship with other committee members.

How does the President's public criticism of Chairman Powell affect the perception of their relationship?

• It shows a harmonious working relationship.

• It suggests a lack of cooperation between them.

• It indicates that the President fully supports Powell.

• It implies that Powell is following the President's orders.

What is the stance of the Federal Reserve regarding political agendas?

• It should operate independently.

• It should follow the President's wishes.

• It should ignore economic data.

• It should accommodate political agendas.

What do the senators emphasize about the Federal Reserve's role?

• It should be influenced by political pressures.

• It should remain independent.

• It should prioritize the President's advice.

• It should focus solely on international policies.

What pledge do committee members make regarding their decision-making?

• To follow the President's directives.

• To prioritize political agendas.

• To remain independent and focus on economic data.

• To consult with international bodies.