Finance

Wells CEO Scharf Calls Fed Independence ‘Critically Important’

Wells Fargo CEO Charles Scharf during an Economic Club of Washington event in Washington on April 20.
Photographer: Graeme Sloan/Bloomberg

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By Yizhu Wang

April 20, 2026 at 5:44 PM UTC

Allowing the Federal Reserve to operate without political interference is a vital part of the financial system, Wells Fargo & Co. Chief Executive Officer Charlie Scharf said.

“The independence of the Fed is critically important,” Scharf said Monday in an interview with David Rubenstein at the Economic Club of Washington DC.