Learn English: Wells Fargo CEO: Trump's Fed Opinions Are Allowed (hard)

2 days, 14 hours ago

Wells Fargo CEO: Trump's Fed Opinions Are Allowed

Wells Fargo's CEO, Charlie Scharf, firmly supports the Federal Reserve's autonomy in setting monetary policy.

He acknowledges President Trump's right to express his views on interest rates, despite their differing opinions.

Scharf distinguishes between voicing opinions and undermining the Fed's independent operations and decision making process.

While acknowledging the President's vocal criticism, Scharf emphasizes the Fed's commitment to data-driven decisions.

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Source

Original: CNBC

Tags

#Wells Fargo #Federal Reserve #Donald Trump #Monetary Policy #Interest Rates

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