Remember, the Federal Reserve Is an Independent Body

Amid reports of President Trump's criticism of higher rate hikes, it's important to unpack how the Federal Reserve is structured.
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Amid reports of President Trump's criticism of higher rate hikes, it's important to unpack how the Federal Reserve is structured.

The central bank is an independent body - and not under jurisdiction from the White House. 

Miles Milton, chief wealth management officer at Hancock Whitney, doesn't expect any policy changes from the Fed amid reports of the President's criticisms.

The Fed is telegraphing two more interest rate hikes this year, which would bring the total number of increases to four in 2018.