Listen: ECB's Draghi worried about Fed's independence
"Top story. President Trump has renewed his attack on the Federal Reserve. He tweeted that the stock market could be as much as ten thousand points higher the word for the FOMC derided quantitative tightening. As for the killer comes after ECB president. Mario Draghi said he's concerned about the relationship between the president and the fed speaking of the IMF spring meetings in Washington, you said he's quote, certainly worried about central Bank independence. Let's get out to Eric Robertson. He's the global head of FX global macro strategy at Standard Chartered Bank. Eric every central Bank has a finite amount of credibility capital recently. We saw in Turkey how quickly that can get a VAT berated and how difficult it is to build again. And we store that confidence. How far are we from a scenario like that? How quickly it's credibility getting burned up here. If you're talking specifically about the US, I look I think we're still a long ways away, the fed has an almost religious adherence to its institutional independence. And we've said a number of times that you know, Trump and his administration can can comment or tweet all they want. But I'm not really worried about the Fed's independence, and I don't think we're very worried about some of the potential fed governors that Trump has nominated. I think the fed will be fairly resilient here."