Amanda Cooper

It is indeed unprecedented to have these three former chairs speak out against the attacks on Fed independence.

Crucially, they point to the impact that it could have on inflation and how this might make the Fed even less likely or give the central bank rather even less room to cut rates as President Trump wishes.

We know that affordability is...

front of mind for him right now and the impact that those high prices are having on consumers.

So today's CPI report for December is going to be under even closer scrutiny than usual, I think, for markets.