A Top Fed Official Says the Trump Administration’s Threats Are ‘About Monetary Policy’

Neel T. Kashkari, president of the Federal Reserve Bank of Minneapolis, defended Jerome H. Powell, the Fed chair, in an interview. He also said interest rates should be held steady this month.Neel T. Kashkari of the Federal Reserve Bank of Minneapolis said the central bank had an opportunity “to explain to our constituents and the American people why Fed independence is so important to the health and the vibrancy of the American economy.”