Concerns Rise Over Federal Reserve's Independence Amid White House Pressure

According to BlockBeats, the White House has been exerting significant pressure on the Federal Reserve in recent months as U.S. President Donald Trump prepares to appoint a new Fed chair next year. In this context, Deutsche Bank conducted a survey of 62 financial industry professionals to gauge their concerns about the Fed's independence. The survey revealed that a majority of respondents believe there is a substantial likelihood of a weakening in the Fed's independence regarding monetary policy. Specifically, 41% of those surveyed considered this outcome 'somewhat likely,' while 21% deemed it 'very likely.' When asked about the potential impacts of losing independence, respondents generally anticipated a decrease in the Fed's benchmark interest rate, an acceleration in GDP growth, an increase in financial market asset prices, and a sustained high level of inflation.