Svmuu News: Atlanta Fed President Bostic said Wednesday that the rift between the Federal Reserve and the White House has begun to erode public confidence in the central bank’s political independence. This is one of the most direct warnings to date from a senior monetary policy official regarding the consequences of taking a hard line against Federal Reserve by Donald Trump.In a farewell essay written before his retirement from the Atlanta Fed at the end of February, Bostic said his colleagues within the Fed system remain committed to keeping their work separate from politics.“But my travels over the past few months have made it clear that the legal and rhetorical battles surrounding the central bank have led people across society to question Federal Reserve its independence, which is a serious concern.” Bostic is not the only Federal Reserve official this year to emphasize the importance of the central bank’s independence, but no one has warned as directly as he did on Wednesday that the current series of controversies could erode public trust in the institution.