Ex-Fed President Stern Says Fed Expects Criticism as Rates Go Up

The transcript discusses the relationship between the President and the Federal Reserve, highlighting that while the President can comment on policy, the Fed operates independently to ensure economic stability. It emphasizes the importance of public support for Fed policies and addresses public concerns about interest rate changes. The Fed expects criticism regardless of whether rates are high or low, as different groups are affected differently. Overall, the Fed aims to balance economic performance with public sentiment.

What is the role of the Federal Reserve in relation to the President's comments on economic policy?

What does the speaker imply about the relationship between economic performance and public support for the Federal Reserve's policies?

How does the public's perception of interest rate increases affect the Federal Reserve's decisions?

What factors could lead to increased public concern regarding the Federal Reserve's policies?

In what ways does the Federal Reserve expect to receive criticism when adjusting interest rates?