Goldman Sachs says undermining central bank independence has economic repercussions

Contributing sentiments towards policy:

46% : "Financial conditions tightened, equity valuations pulled back, and the U.S. dollar weakened after President Trump raised the prospect of removing Chair Powell on April 18, but these moves subsequently reversed after President Trump walked back his comments on April 22." The Goldman Sachs analysis explained that the bulk of institutional changes to monetary policy in advanced economies "have been in the direction of greater independence, while changes in the direction of reduced independence have mostly occurred in emerging economies.
36% : A new report from Goldman Sachs economists examined the risks of undermining the independence of central banks to set monetary policy free of political interference.
12% : Following the Fed's decision to hold rates steady for a third straight meeting in May, Trump wrote in a social media post that Powell is a "FOOL, who doesn't have a clue.

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