Threats to Fed’s Independence Fuel Market Volatility

Author: , Post Date: February 13, 2018
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Concerns about the independence of the Federal Reserve may be exacerbating turmoil in financial markets, says David Kotok, co-founder and chief investment officer of Cumberland Advisors, which has $2.9 billion in assets under management.

“Political shenanigans and influence pose a continuing threat to central bank independence, and the outlook in the U.S. is worsening for the Fed’s independence,” writes Kotok in his latest market commentary.

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