Why does this matter to me?

The past week saw a resumption of losses on global financial markets linked to President Trump’s trade policies. However, mayhem accelerated the US Easter Monday trade due to concerns about central bank independence following Trump’s suggestion on Friday that the Fed should slash interest rates, and that Fed Chairman Jerome Powell needs to be recalled. The fact that all asset prices moved downwards in unison whilst the price of gold surged to new highs indicates a continued loss of trust in Trump’s administration, a development unlikely to be reversed quickly. Domestically, the focus is on court action to prevent the rate of VAT from being increased.

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