Instant View: Investors react as Trump-Fed feud escalates
Christopher Hodge, Chief U.S. Economist for investment bank Natixis, one of the commentators for this piece on DOJ’s investigation into Fed Chair Jerome Powell:
"The market has shaken off so much noise around the Fed and Fed independence and I think is probably likely to do it again, but at some point things will break.
"Obviously I can't speak to the merits of the investigation, but it certainly appears as if the DOJ is trying to intimidate the Fed. If the administration keeps probing, some form of malfeasance will pop up - it would be the case in any bureaucracy - and at some point the markets will revolt."