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A Trump Win Is Seen as a Risk to Fed Independence, Bond Market: Poll
The Federal Reserve will face a significant risk of losing its independence to ramped-up political interference if Donald Trump is elected president again, according to the latest Bloomberg Markets Live Pulse survey. Forty-four percent of respondents said they expect Trump to seek to to politicize the central bank or limit its power if he returns to the White House. Overall, they put a probability of 40% on the Fed losing its autonomy under a second Trump administration. A push to roll back the central bank’s independence — a step that would face significant hurdles — would likely rock financial markets, ... (full story)