By now all investors are aware of Trump’s disdain for Jerome Powell in his effort to pressure the monetary officials of the Fed to cut interest rates by undermining Powell’s role as Chair. This is not, however, working out in Trump’s favour because that institution is a completely independent agency. As a result, there is a serious movement in Washington to install Scott Bessent as Treasury Secretary and Fed Chair simultaneously…
A Macro Market View by Hubert Marleau
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