JP Morgan say a 2nd Trump Presidency would be "more interesting" for Fed independence ...Middle East

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A note from JPM US chief economist Michael Feroli, his take on Federal Reserve independence under a second Trump term. As well as existing features that can help insulate the Fed from political pressure, for example:firing Federal Reserve Chair Powell would be difficult JPM point to financial markets:“Another possible check on an attempted removal of a sitting Fed chair is the reaction of financial markets. As president, Trump was very attuned to asset prices as a scorecard on his administration. Ousting a chair as respected as Powell could provoke sharp reaction in markets, possibly raising Treasury borrowing costs and threatening the dollar’s reserve currency status.”JPM add that A harris

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JP Morgan say a 2nd Trump Presidency would be "more interesting" for Fed independence ...Middle East

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