That’s a stark contrast to Trump’s comments last week, when he criticized the Fed’s current strategy and said he believed he could do a better job.

“I think the president should have at least (a) say in that,” Trump, the Republican nominee, said during a Thursday news conference at his Mar-a-Lago residence in Florida.

“I think in my case I made a lot of money, I was very successful and I think I have a better instinct than, in many cases, people who would sit on the Federal Reserve or the chairman,” he said.

Trump was particularly critical of Chairman Jerome Powell, whom he appointed in 2018. The Fed has “kind of gotten it wrong a lot, and he tends to be a little late on things. He gets a little early and a little late,” Trump said of Powell and the central bank’s interest rate strategy.

Business leaders also weighed in on Trump’s comments.

Bank of America CEO Brian Moynihan said independence is often critical to the success of central banks, and it has become standard in the United States.

“I think if you look around the economies of the world, and you see where central banks are independent and operate freely, they tend to do better than those that don’t. So I think it’s kind of the American way.” , Moynihan said Sunday interview on CBS.

However, he acknowledged that that independence does not prevent people (including himself) from advising Chairman Jerome Powell.

“Their job is to sort through everything and say what’s best for the American economy,” he said.

In a tweet last week, the chairman wrote for The Council of Economic Advisers for President Joe Biden published a quote on Fed independence from the group on X.

“History could not be clearer about the lasting and damaging inflationary consequences of ignoring this lesson or reversing the hard-earned progress of the past half-century.”

Trump’s comments came months after The Wall Street Journal reported that his allies are working on proposed policy changeswhich includes giving the president more control over the Fed.