Fed Chair Powell (Q&A) says Fed independence is the law; we've had to go to Court to defend it; law creates a setting where the Fed can set policy without political factors
Fed Chair Powell's remarks underscore the critical importance of the Federal Reserve's independence, indicating that it is currently under pressure amid political influences.
Instead of backing down, Iran is using the straight-up form moves to increase the cost to Trump, SNN reports
Fed Chair Powell (Q&A) says he is confident Fed will continue to set policy based on analysis not political considerations
Fed Chair Powell (Q&A) says Fed independence is the law; we've had to go to Court to defend it; law creates a setting where the Fed can set policy without political factors
Fed Chair Powell (Q&A) says Warsh has testified that he will stand up to President Trump, Powell will take him at his word
Fed Chair Powell (Q&A) says gas prices will depend on war; but if they go up, people will spend less on other items and there will be a hit to GDP
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- There is a boundary line between the Fed and Treasury, these boundaries must be respected
- It's more than just monpol, Fed doesn't want to use tools to achieve goals outside of its mandate
- Fed has resisted administrations wanting to use tools for other purposes
- Fed independence is at risk; we have had to resort to courts to enforce the Fed's ability to set policy without political implications; we have been successful so far, but it is not over yet
His emphasis on boundaries between the Fed and Treasury suggests a potential shift in market expectations regarding monetary policy integrity, which could influence the rate outlook and risk sentiment across asset classes, particularly in the USD and fixed income markets.
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