Trump's actions may threaten Federal Reserve independence

forexlive.com

US President Donald Trump has recently attempted to fire two commissioners from the Federal Trade Commission. This move could set a precedent that threatens the independence of the Federal Reserve. If Trump succeeds in removing members of the Fed, it may only be the Senate that can stop this political interference. Market analysts are concerned that a politically influenced Federal Reserve could weaken the US dollar’s position as a global reserve currency. This situation may develop slowly or could escalate quickly. Experts suggest that it is important for investors and the public to monitor this issue closely.


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