Markets care about outcomes of Fed policies, not personalities, Miran says on CNBC
WASHINGTON, Dec 15 (Reuters) - Financial markets only care about the outcome of Federal Reserve policy not the motives of officials or whether they are close to the President, Federal Reserve Governor Stephen Miran said on Monday.
"The most important thing is getting the policy right...If you get the policy right and the economy does well, financial markets will reflect that," Miran said on CNBC's Money Matters, following reports on the business news network about concerns that President Donald Trump's chief economic adviser, Kevin Hassett, may be seen as too close to the President to appoint as the next Fed chair.
"At the end of the day financial markets care about outcomes...That will be a function of the policy choice that is made, not...is this person close to that person, is this person doing something for good motives or bad motives."
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