Limited Upside for the US Dollar as the Federal Reserve Faces Challenges
According to ChainCatcher, citing Jintou News, Commerzbank stated that given the challenges faced by the Federal Reserve, the upside potential for the US dollar is limited. Federal Reserve Chair Jerome Powell may find it difficult to strike a balance between appropriate monetary policy and political demands, resulting in a challenging and volatile environment for the dollar. In addition, President Trump has repeatedly called for interest rate cuts and criticized Powell's cautious approach to policy easing. On Monday, the dismissal of Federal Reserve Governor Lisa Cook sparked new concerns about the Fed's independence.
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