Trump pressure on Fed may steepen US yield curve, fund managers say
Government
WASHINGTON: The US Treasury yield curve could steepen as investors demand higher compensation for fiscal and political risks, fund managers said on Tuesday (Sep 16), citing growing pressure from the Trump administration on the Federal Reserve. President Donald Trump has repeatedly criticised the Fed board and Chair Jerome Powell for not cutting interest rates and sought to alter the voting board’s composition. Analysts say this has undermined confidence in the Fed’s independence, a key pillar
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