October 3, 2019 / 10:01 AM / a month ago

Fed still has 'reasonable amount of independence': Evans

FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans visits the online music retailer Sweetwater, in Fort Wayne, Indiana, U.S. September 14 2018. REUTERS/Ann Saphir

MADRID (Reuters) - The U.S. Federal Reserve continues to enjoy “a reasonable amount of independence” and is focused on its mandate despite criticism of its policy moves by U.S. President Donald Trump, Chicago Federal Reserve Bank President Charles Evans said on Thursday.

“People get to criticize you ... (but) what we need to do is to keep our head down and pay attention to our mandated objective” of employment and inflation, Evans told a conference in Madrid.

Trump on Tuesday renewed criticism of the U.S. central bank, saying it has kept interest rates “too high” and that a strong dollar was hurting U.S. factories.

Reporting by Jesus Aguado; editing by John Stonestreet

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