The Trader 

Where US Treasuries are headed

The Trader

Jerome Powell was hand-picked by Donald Trump as chair of the US Federal Reserve; by October 2018, following further incremental rate rises in the target Fed funds rate, a spat between the two had broken out in the Twittersphere. It appears that the president has now extended an olive branch, this Monday inviting Mr Powell and his deputy Richard Clarida to an informal supper at the White House, which included Treasury Secretary Steven Mnuchin.

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