Lates News

Gavekal Research pointed out in a report, "By 2025, the market is generally worried that Trump's nomination of a political puppet as Federal Reserve Chairman could weaken the independence of US monetary policy, force the Fed to cut interest rates, and lead to inflation rates persistently above the Fed's 2% target." "The developments over the past seven months have made this scenario less likely." These developments include the appointment of Kevin Warsh to lead the Fed and the reappointment of 11 out of 12 regional Fed presidents. At the first meeting chaired by Warsh earlier this month, the Fed emphasized its commitment to price stability, surprising some market participants who had expected a more dovish stance under the new Fed Chairman.