Jerome Powell, chairman of the Federal Reserve, listens during a board meeting in Washington on April 9. Given the dominance of the US dollar in the global financial and payment system, eroded confidence in US monetary policy could undermine global stability. Photo: Bloomberg
Tai Hui
Opinion

Opinion

Macroscope by Tai Hui

Donald Trump, Bernie Sanders and Alexandria Ocasio-Cortez are all wrong. The US needs an independent Fed

  • The stability of the global financial system depends on the sound policies of an independent Fed. The president’s criticism and the push by some Democrats for a monetary system that would undermine the Fed’s role are unwise

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Jerome Powell, chairman of the Federal Reserve, listens during a board meeting in Washington on April 9. Given the dominance of the US dollar in the global financial and payment system, eroded confidence in US monetary policy could undermine global stability. Photo: Bloomberg
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