Top lawmakers also say they are growing increasingly worried about the politicization of the Fed.
Federal Reserve Chairman Jerome Powell will meet with Democratic lawmakers at their annual policy retreat Thursday night as the central bank faces renewed political pressure from the Trump White House.
"I personally am very concerned about the independence of the Federal Reserve generally and the independence of its members specifically," said House Majority Leader Steny Hoyer, D-Md. But Democrats also pointed to Trump's plans to nominate conservative commentator Stephen Moore and former Republican presidential candidate and businessman Hermain Cain to the Fed's board as signs of potential cracks in the central bank's independence. Rep. Gregory Meeks of New York said he is seeking reassurance that Powell can withstand the onslaught of criticism coming from the Oval Office.
The Fed declined to comment for this story. But previous Fed chairmen have met privately with the Democratic and Republican caucuses, though none has attended the parties' policy retreats. Most recently, Powell spoke to about 50 GOP lawmakers at the invitation of House Minority Whip Steve Scalise, R-La..
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