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UBS On-Air: Paul Donovan Daily Audio 'Independence in focus'
Published 5 months, 3 weeks ago
Description
US Treasury Secretary Bessent suggested a “wholesale review” of the Federal Reserve was necessary (while supporting central bank independence). In the context of recent challenges, these remarks may trouble investors. Central bank independence was critical to the post-1970s moderation of inflation, and helped prevent the post-pandemic inflation from being worse than it was.