Federal Reserve Chair Janet Yellen. Gary Cameron/Reuters
Business Insider: Donald Trump's election has Wall Street questioning the future of the Federal Reserve
As Wall Street grapples with the election of Donald Trump as the next US president, it appears the order of the day is uncertainty.
Among the myriad uncertain consequences of Trump's election is the real possibility of a major shake-up at the Federal Reserve.
Jefferies economist Sean Darby said that in terms of possible problems for the economy going forward the "main risk is monetary policy uncertainty."
The most striking uncertainty for some analysts is the political independence of the Fed — to not have monetary-policy decisions influenced by ever-shifting political tides has long been a key aspect of the central bank.
Some analysts now say that independence may no longer be assured.
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WNU Editor: Fed Chairperson Yellen has already signalled to the markets that interest rates were going to go up after the election .... Fed to proceed with December U.S. rate rise despite Trump upset: Reuters poll (Reuters). Here is an easy prediction.... this is not going to be pretty.
