Saul Esslake, former chief economist at Merrill Lynch in Australia, said the dismissal of Lisa Cook, a Fed governor, marked a marked escalation of White House intervention in the wake of President Trump's push to reshape the US federal government and its institutions.
He added that loyalty appears to be a criterion for continuing to hold senior public office. The independence of the Federal Reserve is a key factor in maintaining the safe-haven status of U.S. Treasuries and the dollar. The Fed is now under full-scale attack, and it will not end well. (Jin Ten)
Opinion: The independence of the Federal Reserve is a key factor in maintaining the safe-haven status of U.S. Treasuries and the dollar
2025-08-26 05:35:50
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
