Despite Trump’s threats to remove the Fed’s independence, the probability of this actually happening is very low says Bhanu Baweja, Chief Strategist at UBS Investment Bank. He said this would compromise “the exorbitant privilege” that the US enjoys. Instead, markets are pricing in tariffs coming “straight back down”, as international trade negotiations between the US and its trading partners get underway.
Baweja joined “The Pulse with Francine Lacqua” on Bloomberg TV (Source: Bloomberg)
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Publicat el April 22, 2025 a les 12:41