GERMANY
STATE2 sources
Berlin observes with concern a new test for central bank independence
Dominant angle identified — does not reflect unanimity of this country’s media
EXPLORE THIS STORY
The U.S. Department of Justice has closed its criminal investigation into Jerome Powell, Federal Reserve chair, removing the main obstacle to an accelerated succession. Kevin Warsh, Trump's favored candidate to lead the Fed, is now in a strengthened position. Financial markets have reacted positively to the announcement, but economists are alarmed by a scenario in which the American president would effectively control monetary policy through a loyal replacement. A major test for central bank independence worldwide.
« Tokyo watches closely the Fed succession: a shift in U.S. rates would disrupt global bond markets »
« Ottawa follows Fed succession closely: U.S. rates directly impact Canadian economy »
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