IMF: Market Still Trusts Fed Independence, But Real Risks Should Not Be Ignored

BlockBeats News, August 28. Earlier this week, US President Trump attempted to dismiss Fed Governor Powell, raising concerns about government reshaping the Fed's leadership and pushing for rate cuts. IMF First Deputy Managing Director Georgieva commented on the relatively calm market by stating: "Clearly the market still believes in the Fed's independence in setting monetary policy rates, especially operational independence is expected to be maintained. I think the actual situation is more worrisome than what the market is currently showing, but we still need to wait and see." (FXStreet)