U.S. Senator Jerry Moran a member of the Senate Committee on Banking, Housing, and Urban Affairs joined Bloomberg TV yesterday to discuss the importance that the Federal Reserve remain independent.
“It’s important to our system and it’s important to markets that we have an independent Federal Reserve,” said Sen. Moran. “A Chairman of the Federal Reserve Board does not serve based upon the policies of an administration. He is nominated by a president, confirmed by the Senate, and then is independent, in so many ways, of all of us. But again, that’s important so we don’t make economic and monetary decisions based upon the politics of the moment, about the next election, but the long-term future of the U.S. economy and the jobs that are created based upon decisions that are made at the Federal Reserve.”