One of the ways the fed carries out its responsibilities for conducting monetary policy is by trying toa affect the level of key interest rates. in early 2016, fed chair janet yellen met with president obama and states that "he would not anticipate that ms yellen would go into detail on the path of interest rates at the meeting in order to preserve both the appearance and the fact of independence of the fed and the chair." what was meant by this statement? explain why the present is discussing the details of monetary policy with the fed chair can potentially undermine the appearance that the fed operates independently of the president. discuss why the president might worry about the possibility that the appearance of fed independence might be undermines.