WASHINGTON, Jan 14 (Reuters) – U.S. Federal Reserve Governor Stephen Miran told a European audience on Wednesday that comments from foreign central banks in defense of Fed Chair Jerome Powell were inappropriate, and dismissed concerns about the resilience of U.S. institutions as “people writing things for clicks.”
“I don’t think it is appropriate for central bankers to get involved in non monetary policy issues in their own country, and i think it is even less appropriate in other countries,” Miran told an economic forum in Greece when asked his response to a letter European and other policymakers wrote in support of Powell after a threatened criminal indictment, a development that raised concerns about central bank independence.
“The institutions in the United States are very, very strong, and what matters at the end of the day is whether policy is good or bad….That’s not something that worries me at all…It’s a story of people writing things for clicks.”
(Reporting by Howard Schneider; )
Comments