TechFlow, Aug. 28 — According to Jinshi Data, U.S. President Trump attempted this week to remove Federal Reserve Governor Cook, sparking concerns over government efforts to reshape the Fed's leadership and push for interest rate cuts.
Gopinath, First Deputy Managing Director of the IMF, commented on the market's relatively calm reaction: "Clearly, the market still believes that the Fed's independence in setting monetary policy rates, especially operational independence, will be maintained. I think the actual situation is more concerning than what the market currently reflects, but we still need to wait and see."
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