Learn English: Trump's Early Fed Chair Announcement Weakens the Dollar (hard)

4 days, 10 hours ago

Trump's Early Fed Chair Announcement Weakens the Dollar

Reports of President Trump's plans to quickly name a new Federal Reserve chair have caused the US dollar to fall to a three-year low.

This significant drop follows Trump's consistent criticism of current chair Jerome Powell and his monetary policies.

The Wall Street Journal's dollar index reflects this decline, indicating a weakening of the dollar against other major currencies.

Speculation about potential successors, including Kevin Warsh and Treasury Secretary Scott Bessent, adds to the market uncertainty.

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Source

Original: Fox Business

Tags

#US Dollar #Federal Reserve #Donald Trump #Jerome Powell #Monetary Policy

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