Democratic Senate win seen shielding Fed independence, Lombard Odier says

Lombard Odier chief economist Samy Chaar says Democrats winning the Senate removes a key uncertainty: Trump's ability to install his preferred nominees at the Fed and the Supreme Court. He expects fiscal policy to stay near autopilot and turn mildly contractionary, with room for compromise on government funding, the debt ceiling and AI regulation. Trade policy and tariffs remain with the president.