Bank of England Governor Raises Alarm Over U.S. Fed Interference

The Bank of England has warned against political interference in the operations of the U.S. Federal Reserve, emphasizing the potential destabilizing effects on global financial markets. Concerns about the impact of recent leadership changes at the Federal Reserve have heightened, with Governor Andrew Bailey highlighting the crucial importance of maintaining central bank independence. His warning comes as President Trump’s attempts to remove Fed Governor Lisa Cook have raised alarm bells across financial markets.