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

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)