Detailed text transcripts for TV channel - CNN - 20181224:15:48:00
Powell for raising interest rates. >> the fed is out of control. not happy when hot what he's doing. >> we have much more of a fed problem. >> historically, presidents always avoid confronting the central bank. it's supposed to operate independently from political influence. so president trump's attacks may have unintended kw eed conseque. if the fed suddenly slows the pace of rate hikes, that could raise concern it's bowing to political pressure, or the president could do exactly the opposite of what he intended. the fed may feel it has to raise rates to show it's not surrendered. >> number f...
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