"The Trump administration's move against Jerome Powell fuels fears the Fed's independence is being undermined."
"The Trump administration's decision to launch the first-ever criminal investigation into the head of the US Federal Reserve has prompted international alarm."
"Jerome Powell also denounced the probe as politically-motivated."
The Trump administration launched the first-ever criminal investigation into Federal Reserve Chair Jerome Powell, prompting international alarm. Powell denounced the probe as politically motivated. Observers fear the investigation could undermine the Federal Reserve's institutional independence and set a precedent for political interference in monetary policy. Market participants worry that prosecutorial pressure on central bankers could erode credibility, complicate inflation and interest-rate management, and increase volatility. International officials and investors view central bank autonomy as essential for stable macroeconomic outcomes, and they warn that politicizing central bank oversight risks damaging trust in fiscal and monetary frameworks globally.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]