Fed is nerdy, geeky, and politically neutral - policymaker


  • World
  • Thursday, 10 Nov 2016

San Francisco Federal Reserve President John Williams speaks to Reuters in San Francisco, California, U.S. September 27, 2016. REUTERS/Stephen Lam

SAN FRANCISCO (Reuters) - A day after Republican Donald Trump was elected as the next U.S. president, San Francisco Federal Reserve Bank President John Williams said that the U.S. central bank is nerdy, geeky, but above all apolitical, and will remain so.

"Having that independence is very important," Williams said, adding that criticism of the Fed is part of democracy and is to be expected. "We are focussed on the economy, focussed on achieving our goals; it is not a partisan activity."

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