NewsHK
The global rate debate sharpened on Monday when President Donald Trump publicly endorsed Federal Reserve Chairman Kevin Warsh as "fantastic" while pressing for U.S.
interest rates to fall to the lowest level in the world.
Trump also accused unspecified Fed officials of harboring what he described as "bad intentions," language that raises political pressure on an institution whose independence from the executive branch is a foundational assumption in global bond and currency markets.
Trump's alignment with Warsh Warsh, now at the helm of the Federal Reserve, received direct praise from the president at a moment when the direction of monetary policy is the most-watched variable across asset classes.
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