Trump to be held to his word on Fed independence: Bullard

BERLIN (Reuters) - The U.S. Federal Reserve will hold U.S. President-elect Donald Trump to his word on preserving the central bank's independence, policymaker James Bullard told a German newspaper on Sunday.

"The transition team of the President-elect has said that it wants to protect the independence of the Fed," Bullard told Germany's Handelsblatt business daily.

He said he saw no need for big changes to the status of the U.S. central bank. "If inflation were at 15 percent like it was in the 1980s, there would perhaps be a reason to say that something isn't right and it has to be changed. But that is not the case today," he said, according to an extract of the interview in German.

(Reporting by Madeline Chambers; Editing by Richard Balmforth)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Verdict expected this week for suspected mastermind of Caruana Galizia murder
• G20 host US pushes growth agenda to allay debt market concerns
• Zelenskiy, Trump's envoys discuss Ukraine visit and peace efforts