Is Trump building the foundations to fire Fed Chair Powell and other Fed members?
Check that post out for background if you haven;t seen it already.
Yesterday, US President Trump sought to fire the two Democrat commissioners on the Federal Trade Commission. If successful, this might become a precedent that could challenge the political independence of the Federal Reserve. If the president can dismiss Fed members, only the Senate confirmation process will serve as a check on politicization. Markets may not view that as robust. A political Federal Reserve risks weakening the US dollar’s reserve status.
This could be a slow-burn issue, or perhaps not one at all. Something to keep an eye on.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about a political federal reserve risks weakening the us dollar s reserve status was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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