‘What’s Going to Be on Twitter the Next Day’: Central Banks Close Ranks


BALI, Indonesia—The Federal Reserve stressed the need for it to normalize monetary policy gradually and transparently, as its global counterparts warned against threats to central bank independence following President Trump’s criticisms of the Fed.

“It’s not going to be in the interest of anyone in the world…for us to get behind the curve in the U.S. by moderating what we think is the right course of domestic policy,” Fed Vice Chairman Randal Quarles said Saturday at the annual membership meeting of the Institute of International…


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