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Economist: Trump's Firing of Powell Could Disrupt US Government Budget
Summary: According to sources, Economics Unchained Chief Economist Stephen Halmarek stated that central bank independence has been a cornerstone of the global financial system since the early 1990s, making attempts to weaken the Fed's independence concerning. If Fed Chair Powell is dismissed, the appointment of a new chair will be directly influenced by the president, which ...
According to sources, Economics Unchained Chief Economist Stephen Halmarek stated that central bank independence has been a cornerstone of the global financial system since the early 1990s, making attempts to weaken the Fed's independence concerning. If Fed Chair Powell is dismissed, the appointment of a new chair will be directly influenced by the president, which may not be well-received by financial markets and could lead to an increase in bond yields. Bond yields are crucial for managing US government debt.
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Link: Economist: Trump's Firing of Powell Could Disrupt US Government Budget [Copy]
