Fed rejects using ‘political considerations’ to set policy
“A spokeswoman for the Fed’s board of governors told the Financial Times that the central bank’s rate-setting body rejected the suggestion by Bill Dudley, who also served as the Fed’s vice-chairman. Mr Dudley also wrote that they should ‘refuse’ to dole out stimulus to cushion the damaging effects of Mr Trump’s trade war.”
USAGOLD note: Extraordinary circumstances, unsettling times draw forced, unusual institutional response.
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