NEW YORK, July 9 (Reuters) - Federal Reserve Chairman Jerome Powell said Tuesday central bank independence has led to good outcomes and should be maintained.
“The record is pretty clear” that a central bank that operates outside of political factors and direction is “a good institutional arrangement that serves the public well," the Fed leader told a congressional panel. "As long as it's seen to serve the public well it’s a good choice," Powell said. (Reporting by Michael S. Derby; Editing by Chizu Nomiyama)
