Isn’t it ironic that we in SA cry blue murder at the thought of the SA Reserve Bank losing its independence or having its mandate interfered with, while the leader of the free world captures the US Fed without a whimper from the US media.
Even though the US appears to have no liquidity problems, the Fed reduced rates by half a percentage point under the bullying eye of a self-serving president, for no good purpose other than to boost the market and his ego. Even that didn’t work — US 10-year bonds now yield under 1%. Great move!..
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