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FI#VantageOnFirstpost | Trump vs the Fed: Why Gold, Silver and Wall Street Are Suddenly Falling
Donald Trump has triggered fresh turbulence across global markets with a bold move on the U.S. Federal Reserve. After nominating Kevin Warsh as his choice for Fed chair, investors reacted sharply. U.S. stocks slid, while gold and silver reversed record-breaking rallies as traders rushed to lock in profits. The nomination has reignited fears over political pressure on the Fed and concerns about aggressive interest rate cuts. Trump has long clashed with current Fed chief Jerome Powell, demanding cheaper money. Now, markets are asking a bigger question: is the independence of America’s central bank under threat? @palkisharmaupadhyay tells you.
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