Analysis: The Fed Refuses to Accelerate Reform to Save the Market, Powell May Be Sidelined by Trump
Blockbeats reports, on April 16, according to well-known financial analyst Jim Bianco, that the Federal Reserve has not accelerated regulatory reforms to encourage banks to increase their holdings of government bonds. This stance contrasts sharply with the expectations of Wall Street and the White House. Current Fed Chairman Powell may face two fates: either being directly dismissed by Trump or being effectively marginalized.
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