πππThe US Federal Reserve's independence is a cornerstone of its ability to make unbiased monetary policy decisions. Any attempt by Donald Trump to fire Jerome Powell for policy disagreements could severely undermine this independence. This could cause a snowball effect and erode public and market confidence in the Federal Reserve's ability to operate free from political pressure.
The recent selloff of the US long term Treasury Bonds are a strong indicator of the global and market uncertainty and trust in the strength of the US markets.
Despite this uncertainty, I will continue to stay invested and dollar cost average into my favourite index ETFs and let the magic of compounding happen over a long term horizon.
No single individual, not even Donald Trump can directly control the US market. Kudos to Powell for staying true to his fiduciary's stance.
@Tiger_comments @TigerStars @CaptainTiger @Tiger_SG
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