On a Global Scale, Here's What Can Happen If You Play Around with the Fed

©iStock/Rasi Bhadramani

Four USA bank CEOs weigh in on what the consequences would be should the Federal Reserve not be independent.

1. Bank of America CEO Brian Moynihan says, "The core thing is that an independent Fed is critical to the operating of a great global economy like the United States."
2. Goldman Sachs CEO David Solomon says, "I think central bank independence, not just here in the United States but around the world, has served us incredibly well."
3. Citigroup CEO Jane Fraser says, "The central bank’s ability to operate without White House or political interference is critical to the U.S. economy and financial markets."
4. JPMorgan Chase CEO Jamie Dimon says, "Playing around with the Fed can have adverse consequences, the absolute opposite of what you might be hoping for."

Read all remarks here.