The Fed: Here’s where the market is, and isn’t, pricing in a loss of Fed independence

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Janet Yellen and Mario Draghi have concerns about Fed independence.

European Central Bank President Mario Draghi is worried. So is Federal Reserve Governor Lael Brainard, as well as former Federal Reserve Chairwoman Janet Yellen.

The independence of the Fed is being questioned after months of attacks by President Donald Trump on Federal Reserve Chairman Jerome Powell and the central bank’s interest-rate policy, as well as the White House’s announced plans to nominate two political allies with little economics training, Stephen Moore and Herman Cain, to the central bank.

Related: White House says it’s talking to a number of Fed candidates as Cain, Moore nominations still not put forward

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