Fed Independence Is Critically Important, Says Wells Fargo CEO Scharf

Wells Fargo CEO Charlie Scharf said Federal Reserve independence is "critically important" while acknowledging President Trump is entitled to his own view. The remarks, made at the Economic Club of Washington DC, are commentary on central bank independence rather than a policy announcement. Market impact is likely minimal.

Analysis

Wells Fargo CEO Charlie Scharf said Federal Reserve independence is "critically important" while acknowledging President Trump is entitled to his own view. The remarks, made at the Economic Club of Washington DC, are commentary on central bank independence rather than a policy announcement. Market impact is likely minimal.