The Risk When the Central Bank Is Not Independent
The financial market optimism on the Fed’s stance is beginning to falter. There are indications that Donald Trump will influence the Fed’s independence.
Yopie Hidayat
August 12, 2024
LAST week saw a roller coaster of price movements in the global financial markets. On Monday, August 5, stock prices worldwide suddenly plummeted following a sharp decline the previous weekend. Memories of Black Monday, when global financial markets crashed on October 19, 1987, resurfaced. Fortunately, those fears of a global market rout did not materialize. In the following days, markets rebounded, buoyed by positive news primarily from the
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