Economist: Federal Reserve Subjected to Trump's "Full-Scale Assault," Its Independence Is a Key Factor in Maintaining the Safe Haven Status of US Treasury Bonds and the Dollar
By: theblockbeats.news|2025/08/26 14:02:12
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BlockBeats News, August 26th, Former Chief Economist of Merrill Lynch in Australia, Saul Eslake, stated that the dismissal of Federal Reserve Governor Lael Brainard signaled a clear escalation of White House intervention after President Trump's push to reshape the US federal government and its institutions. He added that loyalty seems to be a standard for continuing to hold high public office. The independence of the Federal Reserve is a key factor in maintaining the safe haven status of US Treasuries and the US dollar. The Federal Reserve is now under full-fledged attack, and this will not lead to any good outcomes. (FX678)
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