- Independence is the DNA of central banks
- It is dangerous to play with it
He's referring to Trump's threats against Powell as we saw from yesterday. So far, the take among policymakers in the US and abroad is pretty much to "stay out of it". And for markets, we're now running back to the theme before hearing from Trump. The dollar is once again bid today with a calmer mood in stocks and bonds, while gold is lower on the day.
