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Central bank independence 'doesn't really exist,' Paul Singer says

Paul Singer speaking at the Delivering Alpha conference in New York on Sept. 13, 2016.
David A. Grogan | CNBC
Paul Singer speaking at the Delivering Alpha conference in New York on Sept. 13, 2016.

Add hedge fund manager Paul Singer to those criticizing the central banks' independence — or lack of it.

"I think central bank independence is overrated. It actually, in my view, doesn't really exist," the Elliott Management president said Tuesday at the Delivering Alpha conference sponsored by CNBC and Institutional Investor.

His comments follow statements this week from Republican presidential nominee Donald Trump, who recently questioned the motives of Federal Reserve Chair Janet Yellen.

Singer contended that low interest rates and quantitative easing have exacerbated slow growth after the global financial crisis. He said policymakers face "a delicate situation that cannot be solved by a sledgehammer."