Attacks on Fed Will Raise Debt-Servicing Burdens -- Market Talk
Dow Jones01-12
0244 GMT - The Trump administration's continuing assault on the independence of the Fed is one of the reasons for the upward trend in long-term bond yields despite the decline in short-term interest rates, says Saul Eslake, a former chief economist at Bank of America Merrill Lynch, Australia. The latest attacks on Fed Chair Jerome Powell will continue to have consequences for long-term interest rates around the world, including in Australia--where it will mean further upward pressure on government debt-servicing burdens, he says. (james.glynn@wsj.com; Twitter @JamesGlynnWSJ)
(END) Dow Jones Newswires
January 11, 2026 21:44 ET (02:44 GMT)
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