Federal Reserve highlights its political independence as presidential campaign heats up

AP Economics Writer

WASHINGTON (AP) — The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed’s policymaking in the past, edges closer to formally becoming the Republican nominee for president. On Friday, the Fed released its twice-yearly report on its interest-rate policies, a typically dry document that primarily includes its analysis of job growth, inflation, interest rates and other economic trends. This time, the Fed used the report to stress the vital need for the central bank to operate independent of political pressures.