Movim • US bond markets should be in revolt. Fed independence matters

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US bond markets should be in revolt. Fed independence matters | Nils Pratley

news.movim.eu / TheGuardian • 12 January 2026

It is a perilous time to mess with the principle that rate-setters under an independent system should be free of political pressure

Well said, Jerome Powell. The chair of the US Federal Reserve responded to news of a subpoena from the US Department of Justice with a statement that was extraordinary, necessary and stark.

A criminal investigation into the Fed, and him personally, over the renovation of the central bank’s headquarters is an attempt to bully officials into setting policy according to the president’s whims, said Powell .

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US bond markets should be in revolt. Fed independence matters | Nils Pratley

news.movim.eu / TheGuardian • 12 January 2026

It is a perilous time to mess with the principle that rate-setters under an independent system should be free of political pressure

Well said, Jerome Powell. The chair of the US Federal Reserve responded to news of a subpoena from the US Department of Justice with a statement that was extraordinary, necessary and stark.

A criminal investigation into the Fed, and him personally, over the renovation of the central bank’s headquarters is an attempt to bully officials into setting policy according to the president’s whims, said Powell .

chevron_right

US bond markets should be in revolt. Fed independence matters | Nils Pratley

news.movim.eu / TheGuardian • 12 January 2026

It is a perilous time to mess with the principle that rate-setters under an independent system should be free of political pressure

Well said, Jerome Powell. The chair of the US Federal Reserve responded to news of a subpoena from the US Department of Justice with a statement that was extraordinary, necessary and stark.

A criminal investigation into the Fed, and him personally, over the renovation of the central bank’s headquarters is an attempt to bully officials into setting policy according to the president’s whims, said Powell .