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Fed to retain independence under Trump presidency, adviser says

Trumps election has spurred speculation over whether Republican-backed Fed reform proposals -- such as subjecting monetary policy to an audit or a mechanical rate-setting rule -- could become law, potentially limiting the Feds independence.

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As a candidate, Trump alternately said that he respected Federal Reserve Chair Yellen and that she was 'highly political.' (Photo: AP)

(Bloomberg) — The Federal Reserve’s insulation from political pressure will be respected by President-elect Donald Trump’s administration, economic adviser Judy Shelton said.

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