Detailed text transcripts for TV channel - CNN - 20190626:23:52:00
Fed chairman. powell has fought back and said it is our independence from political pressure that makes the fed work. but what do you make of this, the president taking him on like this, i made you? >> the federal reserve chairman is the second or third most powerful person in washington and in the world. it's his appointment you have to stand up for your own appointees. the essence is for most of our early history to the beginning of the 20th century, congress controlled the money supply, right? and private banks did that. what it led to is 100 years of boom and bust. >> hyper inflation. >> i...
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