USD is sitting on a bullish ship along with Trump carrying a bomb inside.
Trump's vast power to reshape the Fed will be the next major source of uncertainty for markets
President Donald Trump already had ample leeway to reshape the Federal Reserve, with Janet Yellen's term as chair expiring early next year and two key slots on the central bank's board left open after Republicans failed to bring President Barack Obama's longstanding nominees to a vote. Now, with the sudden resignation of Daniel Tarullo, Trump pretty much has free rein over the powerful US central bank. Tarullo was the Fed's point man on regulation, and his announcement came just days after the new administration announced it was ready to tear up the very post-financial-crisis rules that Tarullo, Fed officials, and ... (full story)