A stooge in the US Fed could blow out inflation in Australia – but Trump is unlikely to get his way

The potential for Trump to exert influence over the Federal Reserve raises significant concerns about the independence of central banks worldwide. If the US central bank's policies are swayed by political agendas, it could lead to destabilizing effects on global markets, particularly for countries like Australia that rely on stable interest rates to manage their economies. The unfolding legal battles will be crucial in determining the future of US monetary policy and its international ramifications.