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The Fed: Fed won’t be swayed by Trump’s interest-rate complaints, Bullard says

Bloomberg
St. Louis Fed President James Bullard.

St. Louis Fed President James Bullard said Friday that President Donald Trump’s public criticism of recent interest-rate hikes won’t alter the central bank’s policy deliberations.

Asked directly whether Trump’s criticism would sway the Fed, Bullard replied: “No. I think the committee will make the best judgment we can.”

The Fed would stick to its goals of preserving low inflation and creating the healthiest labor market possible, he said. These goals are “the law,” Bullard said.

Read: Trump says he’s ‘not happy with’ Fed raising interest rates

Pressed by reporters, Bullard sounded unperturbed by Trump’s public criticism, saying it wasn’t surprising given Trump’s eagerness to debate economic policy.

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