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Who can tame that "drunken dragon"? The market is completely counting on Besente.
The last line of defense on Wall Street?
Fed Bashing: What Could Go Wrong? -- Barron's
Is It Time to Buy U.S. Treasuries on the Dip?
Trump's 'war' with the Federal Reserve has permanently damaged the credit of U.S. bonds.
Concerns about the independence of the Federal Reserve have led investors to intensify the selling of U.S. Treasuries, questioning the credibility of Treasuries as a safe-haven asset. Analysts point out that if the Federal Reserve shifts to a more lenient stance on inflation as Trump desires, or if Trump prematurely nominates a 'shadow chairman' to intervene in monetary policy, the Treasury market will decline further.
Bond Markets Seen as Important in Trump's Reaction Function -- Market Talk
Tax and Tariff Fears Have Rocked Municipal Bonds. Why They're Still Appealing. -- Barrons.com