IMF: The market still believes in the independence of the Federal Reserve, but actual risks cannot be ignored

Odaily Planet Daily News U.S. President Trump's attempt to remove Fed Director Cook earlier this week has raised concerns about the administration's reshaping Fed leadership and pushing for a rate cut. IMF First Vice President Gopinath said on the relatively calm market: "Obviously the market still believes that the Fed's independence in formulating monetary policy interest rates, especially operational independence, will be maintained. I think the actual situation is more worrying than the current performance of the market, but we still need to wait and see." (Jin Shi)