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Trumps increased intervention in monetary policy has raised credibility issues for the Fed
Odaily News Market analysis points out that Trumps increased intervention in monetary policy has caused credibility issues for the Federal Reserve. Whoever takes over in the end may be labeled as only executing Trumps interest rate cut order, breaking the traditional non-political appearance of the Federal Reserve. According to reports, in order to expand his influence in the short term, Trump is considering appointing a shadow chairman before the current chairman Powell leaves office next year to pressure the Federal Reserve to cut interest rates. (Jinshi)
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