TechFlow News, June 28: In a report, Gavekal Research stated: “In 2025, markets widely fear that Trump will undermine the independence of U.S. monetary policy by nominating a political puppet as Federal Reserve Chair, forcing the Fed to cut rates and causing inflation to remain persistently above the Fed’s 2% target.” “Developments over the past seven months have made this scenario unlikely.” These developments include the appointment of Kevin Warsh to lead the Federal Reserve and the reappointment of 11 out of 12 regional Fed presidents. At Warsh’s first meeting earlier this month, the Fed emphasized its commitment to price stability—a stance that surprised some market participants who had expected a more dovish posture under the new chair. (Jinshi)
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