Concerns over the independence of the U.S. Federal Reserve are sharply impacting global financial markets, with the London stock market experiencing a slight downturn influenced by major financial stocks.
Amid these anxieties, reports reveal that Trump's administration is contemplating a strategy to gain more control over the Federal Reserve by overseeing regional banks.
This maneuver could allow the administration to influence appointments to the Fed's policy-setting committee, stirring fears about the erosion of the central bank’s independence.
The potential legal battle between the White House and the Fed over the ousting of Fed Governor Cook is creating a ripple effect, prompting investors to reassess their positions, particularly in gold markets.
Gold prices have dipped as traders respond to the uncertain landscape surrounding the Federal Reserve, reflecting heightened caution and scrutiny.
Overall, the market maintains a wary outlook as investors closely monitor the ongoing developments regarding federal influence over monetary policy.
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