Blackrock's Rick Rieder says stories on meeting with US President Trump on Fed role are reasonably accurate; thinks that the fed seat is independent; Fed has to get rates down to 3%, via CNBC interview
Rick Rieder's comments suggest that there is increasing scrutiny on the Federal Reserve's independence, which could signal potential shifts in market sentiment regarding monetary policy.
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Blackrock's Rick Rieder says stories on meeting with US President Trump on Fed role are reasonably accurate; thinks that the fed seat is independent; Fed has to get rates down to 3%, via CNBC interview
House Republican leaders intend to put the next funding package up for a vote on Wednesday night, according to Politico citing sources
US reportedly allows Mexico to provide oil to Cuba despite Trump's vow to cut off supply, according to CBS News
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If his view of the Fed needing to lower rates to 3% gains traction, it could lead to a re-evaluation of the current rate outlook and increased volatility in interest rate-sensitive assets. Traders should monitor how this narrative develops, as it may impact the USD and broader market expectations.
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