00:00:00
There's never been a case where breaching the independence of the bank over the long run, the central bank,
00:00:05
ours, or anywhere in the world, has turned out well. It just doesn't happen.
00:00:09
When political interference gets into the business of the central bank, who has to do things that people don't like
00:00:15
from time to time, like raise rates, it puts us in a dangerous position. That said, every central bank has to earn the
00:00:21
right to be independent. It's not something that we just take for granted, and we earn that right by doing our job
00:00:27
all the time.