Big Names Weigh in on Fed's Independence

A major banker has spoken up about the recent fuss around the Federal Reserve's boss. He thinks it's a bad idea to mess with the Fed's freedom to make decisions. The Fed's leader recently said some big shots in the government are giving them a hard time. They're saying he didn't tell the whole truth about some building work. But he thinks it's really about pressure to lower interest rates.The Fed's boss said this is about whether they can make decisions based on facts or if they have to do what politicians want. He thinks it's important for them to stay independent. The big banker, who's friends with the President, has talked to him about this. He thinks trying to force lower interest rates through politics doesn't work. He believes rates go down when the economy is strong. The President said he doesn't know much about the investigation. But the banker has said he respects the Fed's boss, even if he doesn't agree with everything the Fed does.