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UBS On-Air: Paul Donovan Daily Audio 'Can the Fed be saved?'
Published 8 months, 1 week ago
Description
US Commerce Secretary Lutnick suggested US rates should be cut now, and Federal Reserve Chair Powell should resign or be fired. Do investors want to live in a world where Fed independence is compromised and Lutnick influences policy? To judge from the dollar’s reaction, the answer is “no”.