US President Trump commented that Fed is in theory an independent body, adds looking at tariff rebate checks very seriously, but haven't committed to tariff rebate checks yet, while he discussed expanding immigration operations to five cities

US President Trump commented that Fed is in theory an independent body, adds looking at tariff rebate checks very seriously, but haven't committed to tariff rebate checks yet, while he discussed expanding immigration operations to five cities.

President Trump's comments suggest a potential fiscal stimulus via tariff rebate checks, which could influence economic sentiment if implemented. Meanwhile, his reaffirmation of the Fed's independence amidst ongoing discussions may shape market expectations around monetary policy, particularly in relation to the USD. Overall, these remarks highlight a blend of fiscal and monetary considerations that could create volatility in asset classes such as equities, fixed income, and the forex market.