Trump's increased intervention in monetary policy has raised credibility issues for the Fed
9 hours ago
Odaily News Market analysis points out that Trump's increased intervention in monetary policy has caused credibility issues for the Federal Reserve. Whoever takes over in the end may be labeled as "only executing Trump's interest rate cut order", breaking the traditional "non-political" appearance of the Federal Reserve. According to reports, in order to expand his influence in the short term, Trump is considering appointing a "shadow chairman" before the current chairman Powell leaves office next year to pressure the Federal Reserve to cut interest rates. (Jinshi)
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Fed meeting minutes: Investors' views on downside risks to economic growth and upside risks to inflation have weakened
After the release of the Fed's meeting minutes, the 10-year Treasury yield fell 6.5 basis points to 4.352%