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Bank of England's Bailey says US Fed situation 'very serious'
Andrew Bailey highlighted that the Federal Reserve's extensive crisis interventions, including quantitative easing and multiple rate hikes, challenge its practical independence from political and market pressures.
- Andrew Bailey, governor of the Bank of England, said there is 'considerably more doubt' about future interest rate cuts due to increased inflation risk.
- Bailey expressed concern about threats to the US Federal Reserve's independence from political interference, calling it a 'very serious' situation.
- Bailey stressed the importance of central bank independence, stating that trading it against government decisions would be 'a very dangerous road to go down.
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"This is a very serious situation," said Andrew Bailey in the British Parliament, echoing concerns already expressed by ECB President Christine Lagarde.
·Paris, France
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Coverage Details
Total News Sources17
Leaning Left3Leaning Right3Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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