US Fed highlights political independence

WASHINGTON, D.C. — The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed's policymaking in the past, edges closer to formally becoming the Republican nominee for president.

On Friday, the Fed released its twice-yearly report on its interest-rate policies, a typically dry document that primarily includes its analysis of job growth, inflation, interest rates and other economic trends. The report includes short text boxes that focus on often-technical issues such as monetary policy rules.