Janet Yellen: 'The Federal Reserve Is Not Politically Compromised'

The Fed chair is confident Donald Trump would not find political motivations in the minutes of the Fed's previous meetings.
2:15 | 09/21/16

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Transcript for Janet Yellen: 'The Federal Reserve Is Not Politically Compromised'
Rebecca Jarvis ABC news Geri Allen. At a time when the public is losing faith in many institutions. Did the FOMC discussed the importance of today as an opportunity to dispel that thinking. That the fat is politically compromise. Or be holding to markets. The Federal Reserve is not politically compromised. We do not discuss politics in our meetings I can't recall any meeting. That idea differ it tended where politics has been a matter of discussion. I think the public if they he'd been watching our meeting. On TV today would give. Filled the eight week head even reached deep serious. On intellectual. Debate of doubt with the risks in the forecast for the economy. And we. Struggled mightily with trying to understand when and others points of view aunts. Com editor of balance place and two act responsibly. End that's my commitment to the American people think it. I want to leading institution it is not political and used. We've that we your strive thing to do our very best. To pursue the goals that congress is assigned to I switcher important ones of price stability and maximum employment. Does it concern you given what Donald Trump has that at this point about the Federal Reserve that. He could go back if he were president and look at the minutes and look for science. The Fed being politically motivated. And find them. I. Have no concern that pollute the fit is politically motivated. And I will assure you think you'll not find any signs of political motivation. When the transcripts are released in five years. On we you. It is important that we maintain the confidence of the public and I do believe fit we deserve it I note that these are difficult decisions. And on everybody may not agree with them. But I hope the public will understand that we strife and to do our best pursued these schools that genetic tool for us.

This transcript has been automatically generated and may not be 100% accurate.

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