Picton Investments has warned that financial markets would react swiftly if political pressure were seen to undermine the independence of the US Federal Reserve, with bond investors likely to respond negatively to any perception of policy interference, according to a report by Bloomberg.
David Picton, chief executive of the Canadian hedge fund firm, said markets would quickly “discipline” the US if President Donald Trump were to appoint a Federal Reserve chair viewed as overly compliant with the...
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