Does central bank independence really exist?


Presidential candidate Trump has said he would allow current Fed chairman Jerome Powell to serve out his term through 2026. — Reuters

DEBATE over the Federal Reserve’s (Fed) independence is bubbling up again and could become a red-hot issue for market watchers if Donald Trump wins the Nov 5 United States presidential election.

The former president and Republican candidate said in July that he would allow current Fed chairman Jerome Powell to serve out his term through 2026, though he added “especially if I thought he was doing the right thing.”

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