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Trump Says Powell Should Be Forced to Resign From Fed Board
The brief
- Trump said Powell should be forced to resign from the Fed Board
- Trump repeatedly criticized Powell over monetary policy during his tenure leading the central bank
- Fed leadership uncertainty can affect global rates and sentiment toward Indian banks
- US yields pull back as rate hike bets ease after inflation data
- Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
- Indian bond yields ease as oil cools, Fed rate hike bets tumble ahead of RBI policy
- Dollar Powers to Best Month Since June on Fed’s Inflation Fight
- Fed's Williams sees no urgency for next Fed rate hike