Economist: The Fed was "full attacked" by Trump, and its independence is a key factor in maintaining a safe-haven position in U.S. Treasury bonds and the dollar1p

According to BlockBeats, on August 26, Merrill Lynch's former chief economist in Australia, Saul Eslake said that the dismissal of Federal Reserve Director Lisa Cook marks an escalation of White House intervention. He noted that loyalty seemed to be the standard for continuing to hold senior public office. The independence of the Federal Reserve is a key factor in maintaining a safe-haven position in U.S. Treasury bonds and the dollar. The Fed is under full attack and there will be no good results in doing so.