Republican member of Congress Rep. Frank Lucas is the chair of the confressional Process Pressure on Financial Coverage, Treasury Market Resilience, and Financial Prosperity.
Axios has a chunk on his views on Trump’s assaults on Federal Reserve Chair Powell:
- stated the duty power has mentioned the significance of Fed independence and learn how to construct “the partitions larger and stronger and taller.”
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“From my perspective, the problem is how do you retain my buddies in Congress and different political forces round from impeding value stability and impeding the main target of the Fed,”
- “Independence issues to me.”
That is all blah, blah, blah IMO (which can be incorrect, after all) as these guys have been spineless in coping with Trump.
Nevertheless, he stated one thing fascinating:
- “I do not know that we’d like any additional pleasure within the markets proper now,”
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“We’ve got sufficient stuff happening. Each Treasury sale of debt devices—whether or not it is payments, bonds, notes, no matter— is a ‘maintain your breath’ second,”
Bolding is mine.
Robust phrases coming from a person in his place.
Hyperlink to the Axios report right here.
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