Reported 5 months ago
The White House is emphasizing the importance of Federal Reserve independence, potentially as a signal to Wall Street amid concerns of possible interference by former President Trump's allies. Recent remarks suggest that President Biden and his allies view Fed independence as a campaign issue for 2024, with concerns raised about ideas that could undermine the central bank's autonomy. While undecided voters may not be closely following this issue, the message could be aimed at reassuring market participants and investors about potential stability in monetary policy.
Source: YAHOO