Should Fed Chair Powell and President Trump Meet?

The transcript discusses the dynamics of monetary policy meetings, emphasizing the need for live meetings to provide market guidance. It highlights the issue of over-guidance from central banks like the ECB and the Fed, suggesting regular press conferences to manage expectations. The conversation shifts to the potential impact of political interference on the Fed's independence, comparing the situation to Turkey's monetary policy challenges. The importance of central bank independence is stressed, noting the long-term policy horizon versus the political cycle. The Fed's response to political pressure is examined, with a focus on maintaining independence without succumbing to external influences.

What does the speaker suggest about the relationship between monetary policy and market fundamentals?

In what ways can the Fed maintain its independence amidst political pressures?