Firing Powell would hurt the US dollar and economy, France says
2 Articles
2 Articles
The dollar marks new minima after Trump threatens the Fed’s independence
Investors continue to lose confidence in the dollar.The US currency has set its lowest level against the euro this Monday since November 2021, with a exchange of $1.15 for each euro at the beginning of foreign exchange market operations.The new fall of the dollar follows the attacks of US President Donald Trump against Federal Reserve President Jerome Powell, whom he suggested he could fire if he wanted, although the law theoretically prevents i…
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