Treasury Secretary Bessent urges renewed scrutiny of the Federal Reserve's policies and independence amid Trump administration pressure. Fed's role in setting interest rates and its insulation from political influence are questioned.
Global financial markets eye US trade deals with EU & Japan, Fed & BOJ policy meetings, and US jobs report. Trump's trade tactics impact markets. KOSPI monitored. Tensions rise between White House and Fed.
Trump criticizes the Fed and Powell, raising concerns about the Fed's independence and potential market turmoil. Tariffs, interest rates, and economic growth are key issues.
Data showing the job market was weaker than previously thought could increase concerns the US economy is facing a potentially worse downturn than the current expectation for a “soft landing” in which inflation is tamed without a recession.
