Chicago Fed President Austan Goolsbee crossed the wires and said that economists are unanimous that the Federal Reserve (Fed) must be independent from political interference.
US President Donald Trump attacked the Federal Reserve Chair Jerome Powell on his social network, saying that he is “too late” to lower interest rates and must lower them “NOW.” He complained that Steve Manunchin “really gave me a beauty when he pushed this loser,” for the Fed Chair role.
The Dow Jones Industrial Average (DJIA) fell back on Monday, shedding around 200 points and testing below 44,000 once again as investors brace for the latest United States (US) Consumer Price Index (CPI) inflation figures due on Tuesday.