Instead of backing down, Iran is using the straight-up form moves to increase the cost to Trump, SNN reports
This headline indicates Iran's decision to escalate tensions rather than de-escalate, potentially increasing economic and geopolitical costs for the Trump administration.
Fed Chair Powell (Q&A) says Fed tries to be a good steward of people's money; Governor Waller and Reserve Bank Presidents are passionate about that
Fed Chair Powell (Q&A) says there are widespread concerns on the Committee that political attacks will continue, and that would be a problem
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 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
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Such moves could affect market sentiment, particularly in energy prices, and may weigh on risk assets like equities while strengthening safe-haven currencies. Traders should monitor how this plays out in the forex and commodity markets, particularly for the USD and WTI oil prices.
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