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AAP
AAP
Business
Jacob Shteyman

Trump's attack on Fed could speed up investment pivot

US Federal Reserve United States Jerome Powell Jonathan Kearns Michele Bullock Donald Trump
Experts warn attacks on central bank independence could create monetary problems down the track. (Joel Carrett/AAP PHOTOS)

Donald Trump's mounting siege of Federal Reserve chair Jerome Powell will be closely watched by Australian fund managers, even as markets take the latest assault on the independence of the US central bank in their stride.

The US president's attempts to pressure the Fed to cut interest rates prompted an unprecedented intervention by 12 international central bankers, including Reserve Bank of Australia governor Michele Bullock, who issued a statement in solidarity with Mr Powell and the Fed.

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