Jennings to Abby Phillip on Whether the Fed Should Be Listening to the President: You Put Words in My Mouth

EXCERPT:

PHILLIP: “What was the reaction among people who are making money, they have businesses, they are operating in the financial world, to this idea that people like Scott believe that the Fed should be listening to the president and act accordingly?"

JENNINGS: "That‘s not what I said. You put words in my mouth. I said, should he be able to render an opinion, and should the Fed take that into consideration? I think he should be able to have an opinion and they should take that into consideration. It shouldn‘t be the only thing, but he should have an opinion.

PHILLIP: "I didn't say anything -- the president can have whatever opinions he wants. What I‘m asking is whether the Fed should be independent in their decision-making process."

JENNINGS: "And I said, does that mean they can take his opinion into consideration? And I think they should take the president‘s opinion into -- that‘s not the only thing. It's one of the things."