Deep Tide TechFlow News, January 12 — According to Jinshi Data, UBS Global Wealth Management Chief Economist Paul Donovan wrote that initiating criminal investigations into the sitting Federal Reserve Chair could ultimately help strengthen the central bank's independence. Market reactions indicate that investors' concerns about the Fed's ability to manage interest rates without political interference are increasing. Although overall asset prices have not fluctuated significantly, long-term US Treasury yields are rising, and the dollar is weakening. Donovan stated that Powell's tough stance may mean he is unwilling to resign from his Federal Reserve Board position this year; at the same time, there are signs that the US Senate may delay confirming the nomination of the new Federal Reserve Chair. He also pointed out that concerns about central bank independence could translate into a hawkish influence on future monetary policy decisions.
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Deep Tide TechFlow News, January 12 — According to Jinshi Data, UBS Global Wealth Management Chief Economist Paul Donovan wrote that initiating criminal investigations into the sitting Federal Reserve Chair could ultimately help strengthen the central bank's independence. Market reactions indicate that investors' concerns about the Fed's ability to manage interest rates without political interference are increasing. Although overall asset prices have not fluctuated significantly, long-term US Treasury yields are rising, and the dollar is weakening. Donovan stated that Powell's tough stance may mean he is unwilling to resign from his Federal Reserve Board position this year; at the same time, there are signs that the US Senate may delay confirming the nomination of the new Federal Reserve Chair. He also pointed out that concerns about central bank independence could translate into a hawkish influence on future monetary policy decisions.