Alan Greenspan - Federal Reserve is an independent agency - In Their Own Words

For research, educational, and informational purposes only.

Transcript:

JIM LEHRER: What is the proper relationship, what should be the proper relationship between a chairman of the Fed and a president of the United States?
ALAN GREENSPAN: Well, first of all, the Federal Reserve is an independent agency, and that means, basically, that there is no other agency of government which can overrule actions that we take. So long as that is in place and there is no evidence that the administration or the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don`t, frankly, matter. And I`ve had very good relationships with presidents.

Video Clip Source:
https://americanarchive.org/catalog/cpb-aacip_507-0r9m32nr52
The NewsHour with Jim Lehrer, 2007-09-18, NewsHour Productions, American Archive of Public Broadcasting (WGBH and the Library of Congress), Boston, MA and Washington, DC.