Trump's Criticism of Fed's Rate Decisions Not Necessarily a Threat to Its Independence, BIS Says

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  Posted by Two Blokes Jun 29 - Filed in General - #TwoBlokesTrading  - 8 views
  
  Public calls for lower interest rates of the kind directed by President Trump toward Federal Reserve Chair Jerome Powell are not a threat to a central bank's independence as long as there is societal support for its autonomy, the Bank for International Settlements said Sunday. The Switzerland-based BIS is owned by most of the world's leading central banks, although not the Fed, and has long provided a forum to policymakers for sharing ideas and concerns.