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Trump renews some of the harsh criticism he directed at the Fed during the campaign. Mr. special infoTrump accused the Fed of keeping rates low to favor Democrats but also offered mixed messages on what he saw as appropriate Fed policy. “Part of the price of admission is that you are going to get criticized,” Mr. Kaplan said of being a central banker. After just over a year in office, Mr. Kaplan said his colleagues take the mission to act independently and without political favor “very, very seriously,” and he doesn’t expect that to change with Mr. Trump in office. Mr. no dataKaplan also said that while long-term bond yields have risen since Mr. Trump’s victory, he isn’t worried this is creating fresh headwinds to growth.

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