Trump's replacement of The Federal Reserve Board of Governors may weaken its independence, and the bond market has become the focus.

[Coin World] On August 26 (UTC+8), Joe Caputo, the International Economics Executive at the Commonwealth Bank of Australia, stated that Trump's move to replace Federal Reserve Board of Governors member Lisa Cook is yet another weakening of the Fed's independence. The U.S. president may impact the Fed's short-term funds interest rate. However, Caputo added that market participants, including overseas investors, influence the long-term treasury bond market, which has a direct effect on consumer and business loan interest rates. Therefore, following the bond market is worthwhile. Caputo further mentioned that if the bond market experiences significant dumping like it did in early April, Trump may have to ease his influence over the Fed.

TRUMP4.63%
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SelfStakingvip
· 18h ago
Ah, is Chuanzi digging a pit again~
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SandwichVictimvip
· 18h ago
Stop messing around, are you playing house in the White House?
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MetaverseLandlordvip
· 18h ago
The bond market has gotten so big that you're confused, right?
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