Experts Debate the True Independence of the Federal Reserve
TL;DR Summary
JPMorgan's Ilan Benhamou argues that the independence of the Federal Reserve is a myth, citing historical and recent political pressures, and predicts US stocks will continue to rise amid expectations of interest rate cuts and increased investment in risky assets, despite ongoing debates about the Fed's autonomy and leadership changes.
Topics:business#fed-independence#finance#interest-rates#market-rally#risk-assets#trump-powell-conflict
- Fed Independence Is a ‘Myth,’ JPMorgan’s Benhamou Says Bloomberg.com
- Trump’s Attacks on Powell and the Fed Ripple Through Global Economy The New York Times
- Why Some Trump Allies Want to Protect the Fed’s Independence Politico
- A well-run economy needs an independent Federal Reserve, says former reserve bank head NPR
- Dimon Defends Fed Independence After Trump Attacks The Wall Street Journal
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