00:00Look, I think it's at risk. I mean, I think these legal assaults, if you will, as I mentioned, you
00:05know, we're the institution is being battered over these things. We're having to resort to the courts to to enforce
00:11our legal, you know, it's not so much independence. It's it's really the ability to to make monetary policy without
00:19political considerations.
00:20That's what we're talking about. And we've had to do that. And we've been successful so far. But that's not
00:26over. None of that is concluded yet. And it's, you know, it's really important. It's not about people who work
00:31at the Fed or the institutions about the benefits of a central bank that makes decisions based on analysis and
00:39our best thinking rather than, you know, trying to help or hurt politicians.
00:43I am confident, as I said in my remarks, that the Fed will continue to make its decision based on
00:48analysis, rigorous analysis and not on political considerations. But we've had to fight for it.
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