NEC Director Hassett says respect independence of the Fed; Fed building renovation has dramatic cost overruns; plans look inconsistent with testimony, via CNBC
NEC Director Hassett's comments underscore the importance of preserving the Federal Reserve's independence amidst ongoing issues, such as cost overruns in Fed renovations.
US BROKER MOVES: AMAT upgraded at Susquehanna; SNOW downgraded at Barclays
Around six borrowers are looking to sell US IG bonds on Monday, according to a Bloomberg survey
NEC Director Hassett says respect independence of the Fed; Fed building renovation has dramatic cost overruns; plans look inconsistent with testimony, via CNBC
AbbVie (ABBV) and Remegen announce exclusive licensing agreement to develop a novel bispecific antibody for advanced solid tumours
EU Commissioner says it would be the end of NATO if the US took Greenland by force
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- Economy not booming because of the Fed.
- Does not know whether Trump approved of Fed probe.
- Still interested in Fed Chair job.
- Has not spoken to Powell about him staying on the board.
His remarks about the economy not booming due to Fed policies might lead to speculation on future monetary policy shifts and influence market perceptions of Fed credibility, potentially impacting equities and fixed income assets.
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