'It's his way of abusing power across the board. It's a big mistake,' Biden said of Trump's attacks on the Fed.
"I'm not going to get into the personalities, but I do say this: the president should not be trying to pressure the Fed," Biden said in an. "That's supposed to be an independent entity out here. It's just like how he pressures the military and intervenes in the chain of command."
Powell has stressed the importance of the Fed's independence from political influence throughout his tenure, almost always in response to the president's criticisms. Federal Reserve Chairman Jerome Powell reacts during a press conference in Washington D.C., the United States, on July 31, 2019.
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