Bernanke, Yellen, Powell on Presidents, Politics, and the Fed

The transcript discusses the relationship between the Federal Reserve (Fed) and the political system, focusing on the interactions with Presidents Bush and Obama, who respected the Fed's independence. It highlights the importance of transparency and accountability, with the Fed's goals set by Congress. The collaboration between the Fed and the Treasury during financial crises is also covered. Concerns about President Trump's comments potentially undermining the Fed's independence are addressed, emphasizing the Fed's strong non-political culture and commitment to its mandate.

What factors contributed to the good relationship between the speaker and Presidents Bush and Obama?

What is the speaker's view on the relationship between the Federal Reserve and Congress?

How does the speaker describe the importance of the Federal Reserve's independence?

What concerns does the speaker express regarding President Trump's approach to the Federal Reserve?

In what ways does the speaker believe the Federal Reserve maintains its non-political culture?