Harris says she would never interfere in Fed independence
U.S. Vice President Kamala Harris said on Saturday that she disagreed strongly with rival Donald Trump's views on the Federal Reserve and pledged not to meddle with the central bank if she wins the Nov. 5 presidential election.
Harris's view contrasts sharply with that of the Republican nominee and former president, who on Thursday said that U.S. presidents should have a say over the Fed's decisions.
"The Fed is an independent entity and as president I would never interfere in the decisions that the Fed makes," Harris, the Democratic presidential nominee, told reporters in Phoenix, Arizona.
Harris, speaking before flying to Las Vegas for a campaign rally, said she planned to unveil policy positions next week.
"It'll be focused on the economy and what we need to do to bring down costs, and also strengthen the economy overall," she said.
A jump in the July U.S. unemployment rate reported last week helped to spark a global stock market rout that continued into Monday before equities made a partial recovery. Investors had taken flight because of fears of a potential U.S. recession and that the Fed would need to act aggressively in response.
Asked about those concerns and how the Fed would react, Harris said: "As we know, there was turbulence this week, but it seems to have settled itself. And we'll see what ... decisions they make next."
Republican presidential candidate Donald Trump's two-hour interview with billionaire Elon Musk on X got off to a delayed start after more than half an hour of technical problems on Monday.
Trump's comments on Thursday offered the most explicit indication so far of his interest in infringing on the Fed's independence should he regain the White House.
"I feel the president should have at least (a) say" on Fed decisions, Trump told reporters at his Mar-a-Lago residence in Florida.
His comment followed a Wall Street Journal report this spring that said Trump allies have drafted proposals that would attempt to erode the central bank's independence if he wins.