## Wells Fargo CEO Weighs In on Fed Independence and Trump’s Criticism
Here’s a quick rundown of what Wells Fargo CEO Charlie Scharf had to say about the Federal Reserve and President Trump’s views on monetary policy:
- Scharf Supports Fed Independence: The CEO stated he “absolutely” supports the Federal Reserve’s independence.
- Trump’s Right to Speak: Scharf believes President Trump is free to express his opinions on how the Fed should set monetary policy.
- Distinction Between Opinion and Impact: Scharf noted a difference between Trump’s opinions on interest rates and the President actually impacting the Fed’s independence.
- Politicians and the Fed: Scharf pointed out that it’s not unusual for politicians to comment on the Fed’s decisions, but Trump is particularly vocal.
- Trump’s Criticism: The article highlights Trump’s repeated calls for lower interest rates and his attacks on Fed Chair Jerome Powell, including an attempt to remove Fed Governor Lisa Cook.
- Market Expectations: Markets anticipate the Fed may lower interest rates at its upcoming September meeting due to recent inflation data and signs of labor market weakness.
For more details, you can read the original article [here](insert_original_article_link_here).