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Fed Chair Nominee Whash: Will be independent of U.S. President Trump
Mars Finance News: The Federal Reserve Chair nominee, Wašh, said that it will operate independently from U.S. President Trump. He said, “I don’t know the reason President Trump chose me.” He said that after selling assets, the funds will be allocated to compliant assets that are as close as possible to short-term Treasury bills and cash. The independence of the Federal Reserve depends on the Federal Reserve itself. Presidents generally tend to favor interest rate cuts.