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Economist: Federal Reserve Faces Full-Scale Attack from Trump, Independence Key to US Treasury Bonds and Dollar Safe Haven Status
Summary: According to sources, former chief economist at Merrill Lynch in Australia, Saul Eslake, stated that the dismissal of Federal Reserve Board member Lisa Cook signals a clear escalation of White House intervention following President Trump's efforts to reshape the US federal government and its institutions. He added that loyalty seems to be a standard for ...
According to sources, former chief economist at Merrill Lynch in Australia, Saul Eslake, stated that the dismissal of Federal Reserve Board member Lisa Cook signals a clear escalation of White House intervention following President Trump's efforts to reshape the US federal government and its institutions. He added that loyalty seems to be a standard for continuing in high public office. The independence of the Federal Reserve is a key factor in maintaining the safe haven status of US Treasury bonds and the dollar. The Federal Reserve is now facing a full-scale attack, which will not yield any positive results.
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Link: Economist: Federal Reserve Faces Full-Scale Attack from Trump, Independence Key to US Treasury Bonds and Dollar Safe Haven Status [Copy]
