Federal Reserve Chair Janet Yellen said legal political campaigndonations from central bank employees, including those of seniorFed officials, do not undermine its standing as a non-partisanagency.
“We are a non-partisan, independent institution devoted topursuing our congressionally mandated objectives,” Yellen saidWednesday in response to a question during a press conference inWashington. “I have never seen political views in any way influencethe policy judgments that are made inside the Federal Reserve. Iwant to say that emphatically.”
Yellen'sremarks came after Bloomberg News reported that Governor LaelBrainard, appointed to a top Treasury post by President BarackObama before she joined the Fed, gave $750 in three contributionsto Democrat Hillary Clinton's presidential campaign betweenNovember and January. A wider review of campaign giving revealedthat 79 percent of federal-level contributions from Fed stafferssince November 2004 had gone to Democrats.
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