Golden Finance reported that former Federal Reserve Vice Chairman Randall Quarles said that even if President-elect Trump takes office, the Federal Reserve’s independence, inflation and the labor market will not be threatened. Quarles said on the sidelines of a forum on Monday that there is considerable misunderstanding about the Fed's independence. The Fed's independence does not mean that the president cannot have an say in Fed policy. Quarles is a Trump appointee to the Fed and served as vice chairman of supervision until 2021. Quarles said the tariffs themselves should not cause inflation, although at the margin they could prompt the Fed to cut interest rates. He also said he expected a large number of illegal immigrants to be deported after Trump took office, but that this would not affect the labor market. Quarles' comments came ahead of the release of the much-anticipated CPI report, which is likely to show underlying U.S. inflation cooling only slightly in late 2024 on the back of a strong job market and a solid economy, which could support support. The Federal Reserve is cautious about the idea of ​​further cutting interest rates. (Golden Ten)