Loss of Fed independence would push up borrowing costs, set off turmoil, ECB's Schnabel says
Curtailing the U.S. Federal Reserve's independence could backfire and push up borrowing costs rather than lower them while disrupting the entire global financial system, European Central Bank board member Isabel Schnabel said.
Curtailing the U.S. Federal Reserve's independence could backfire and push up borrowing costs rather than lower them while disrupting the entire global financial system, European Central Bank board member Isabel Schnabel said.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
