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Asian Stocks Hesitant, Dollar Slides on Trump’s Attack on Powell
- On June 26, 2025, the dollar index dropped to a multi-year low not seen since early 2022, reflecting heightened investor unease.
- This decline followed media reports that President Trump considered replacing Federal Reserve Chair Jerome Powell by September or October.
- Markets also responded to Powell's Wednesday congressional testimony highlighting uncertainties from Trump's tariffs, a recent ceasefire easing oil market fears, and a 10% drop in the U.S. equity index this year.
- Bank of America strategists highlighted the uncertainty surrounding how tariffs will affect inflation, suggesting this ambiguity will lead monetary authorities—especially the Federal Reserve—to adopt a cautious approach, amid ongoing concerns about global economic risks.
- These developments dent investor confidence in U.S. assets, raise questions about Fed independence, and sustain cautious monetary policy decisions amid geopolitical and fiscal uncertainties.
16 Articles
16 Articles
After the geopolitical truce, the eyes turn again to the threat of tariffs. ...
The dollar fell to its lowest level in more than three and a half years against the euro, affected by concerns about the independence of the Federal Reserve, amid sharp criticism from US President Donald Trump of Federal Reserve Chairman Jerome Powell...
Asian stocks hesitant, dollar slides on Trump’s attack on Powell
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks stuttered on Thursday, while oil prices stabilized and the euro was perched at a 3-1-2/-year high as investors weighed geopolitical, economic and fiscal uncertainties as they braced for U.S. President Donald Trump’s deadline on tariffs. Markets have been soothed by a ceasefire between Israel and Iran that appeared to be holding, reducing the risks of disruptions to the global oil trade and unde…
Colorado Springs Gazette
Asian stocks hesitant, dollar slides on Trump's attack on Powell
By Ankur Banerjee
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