Reported 1 day ago
During a recent symposium in Jackson Hole, central bankers worldwide expressed fears that the U.S. Federal Reserve's independence is under threat due to political pressures from President Trump, who is advocating for changes in leadership and policies. This situation could set a troubling precedent for other nations, jeopardizing their own central bank independence and economic stability. A shift in the Fed's ability to combat inflation could lead to turmoil in financial markets and a reevaluation of the global financial system's reliance on U.S. Treasuries.
Source: YAHOO