Federal Reserve Bank of Boston President Susan Collins spoke earlier:
A little more now:
- financial markets performing well
- financial markets continue to be liquid
- Federal Reserve credibility is critical to maintain stable prices
On that last point, I thought I saw a post earlier this week on the threat to Fed independence from Trump firing heads of independent bodies. I posted on the this way back in March:
- Is Trump building the foundations to fire Fed Chair Powell and other Fed members?
- “A political Federal Reserve risks weakening the US dollar’s reserve status”
Update, this pic (Bloomberg screenshot) doing the rounds on social media (credible sources, not the usual social media nutjobs 😉
This article was written by Eamonn Sheridan at www.forexlive.com.