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. Read More Details
Finally We wish PressBee provided you with enough information of ( "A political Federal Reserve risks weakening the US dollar’s reserve status" )
Also on site :
- 'General Hospital' Fans Brace for 'Slap in the Face' amid Star's Return
- Billionaire Telegram founder leaves his $14 billion fortune to the 100+ children he’s fathered—which means $132 million for each lucky Gen Alpha kid
- Sandra Oh Makes a Bold Statement About Whether She’ll Return to 'Grey’s Anatomy'