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Stock impact report

Wells Fargo CEO: Trump entitled to his own Fed views [Yahoo! Finance]

The Carlyle Group Inc. (CG) 
Last the carlyle group inc. earnings: 4/30 06:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.carlyle.com
Company Research Source: Yahoo! Finance
Wells Fargo CEO Charlie Scharf on Monday backed the independence of the Federal Reserve but also President Donald Trump's right to espouse his central bank views. “The financial services industry is pretty consistent” that “the independence of the Fed is critically important,” the chief executive told David Rubenstein during a Monday event at The Economic Club in Washington, D.C. However – “just to get a little controversial” – Scharf said there's no reason why the president shouldn't have a point of view when it comes to the central bank. “This always comes down to, well, what should the president be able to say and what should the president be able to do?” Scharf said. “All presidents have for a long period of time. They've done it in different ways. This president does it very vocally in terms of what his points of view are.” President Donald Trump has nominated former Fed Gov. Kevin Warsh to succeed Fed Chair Jerome Powell, whose term is set to end May 15. The Senate Bank Show less Read more
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