US President Trump rejects criticism from Senate Republicans of the Justice Department probe of Fed chair Jerome Powell and says “they should be loyal.”; speaks highly of Kevin Hassett and Kevin Warsh
President Trump's defense of Fed Chair Jerome Powell amidst Senate Republican criticism signals potential political discord regarding monetary policy.
US President Trump says it would be better for Venezuela to remain in OPEC but is unsure if this would be beneficial to the US
US President Trump says Iran's government could fall due to unrest but "any regime can fail"
US President Trump rejects criticism from Senate Republicans of the Justice Department probe of Fed chair Jerome Powell and says “they should be loyal.”; speaks highly of Kevin Hassett and Kevin Warsh
PRE-MARKET CHINESE STOCK NEWS
[MARKET UPDATE] WTI falls USD 0.70/bbl and spot gold dips ~USD 10/oz following the NBC report which suggested US President Trump told advisors to avoid a prolonged war
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This could influence market sentiment towards the Federal Reserve's independence and monetary policy direction, affecting asset classes such as equities and fixed income. Traders should monitor market reactions as political dynamics may impact economic forecasts and investor confidence in the Fed's decisions.
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