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MNI TRANSCRIPT: Powell on Trump Criticism

     WASHINGTON (MNI) - The following is the portion of a transcript from
Federal Reserve Chairman Jerome Powell's press conference after the FOMC meeting
Wednesday:
     Q: Mr. Trump has been a vocal critic of you and your colleagues, recently
calling you boneheads and just now called you a terrible communicator. How do
you respond to these criticisms and any regrets for having this many
conferences?
     A: I don't, I won't change my practice today of not responding to comments
or making comments to elected officials, but I'll continue to say I think the
independence of the Federal Reserve from direct political control has served the
public well over time and I assure you that my colleagues and I will continue to
conduct monetary policy without regard to political considerations. We're going
use our best judgment based on facts, evidence and objective analysis in
pursuing our goals and... that's what I have to say on that.
--MNI Washington Bureau; +1 202 371 2121; email: brooke.migdon@marketnews.com
[TOPICS: MMUFE$,M$U$$$]

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