Trump's Fed attack adds to fear Treasurys, US dollar face emerging market-style risks
From morningstar.com
Federal Reserve governor Lisa Cook is the latest target of President Donald Trump, who is trying to remove her from office. Trump's efforts to reshape the Fed are starting to produce noticeable outcomes in the bond market and periodic weakness in the dollar. Signs of consternation over President Donald Trump's most recent attack against the Federal Reserve became more evident on Wednesday after the 30-year Treasury yield briefly inched toward 5% in a warning about the threat of future inflation. During the morning in New York, the 30-year yield rose closer to the 5% level last seen in July due to a selloff in its ...
(full story)