Mnuchin: Trump supports Fed's independence, not trying to provide 'pressure'
Treasury Secretary Steve Mnuchin stressed his support for the Federal Reserve's "independence" from the rest of the federal government on Saturday, days after President Trump blasted the Fed during an interview for raising interest rates.
Mnuchin told reporters at a G-20 meeting of finance ministers and central bank representatives that the Trump administration "completely supports" the Fed's "independence," while declining to call Trump's comments on the bank a mistake.
"Where the Fed ends up on interest rates is one, completely up to them, and [two], is also dependent upon what happens to the economy," he said, according to CNN.
"There was no need for me to call him to reassure him," Mnuchin added. "He understands that the Fed is independent."
https://thehill.com/policy/finance/398180-mnuchin-trump-supports-feds-independence-not-trying-to-provide-pressure