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Dollar hits 3-year low on report Donald Trump could pick next Federal Reserve chair early
- The U.S. dollar slid to a 3-1/2-year low against the euro on June 26 amid reports that President Trump might name Jerome Powell's Federal Reserve replacement unusually early.
- This move follows Trump's persistent calls for interest rate cuts and his tariff policies, which JPMorgan warns could slow growth and lift inflation, raising recession risks to 40%.
- Markets reacted with mixed European and Asian indexes, falling yields, and a rally in U.S. stocks, while analysts noted concerns about Fed independence if Trump accelerates the appointment.
- Kieran Williams of InTouch Capital Markets noted that investors may react negatively to any premature announcement of Powell’s replacement, especially if it seems driven by political considerations, highlighting concerns about potential changes in policy direction.
- The early replacement prospect fueled bets on Fed rate cuts this year, signaling potential shifts in U.S. monetary policy and uncertainty about central bank autonomy going forward.
148 Articles
148 Articles
Hong Kong - Media OutReach Newswire - June 27, 2025 - Uncertainty in trade policy, ambiguity in the Fed's policy and continued easing by major central banks around the world are weakening the global appeal of the US dollar. The US dollar index continued to weaken in the second quarter, falling to the level of early 2022. The VT Markets research team pointed out that market concerns about the expansion of the US fiscal deficit and policy risks ar…
Dollar Falls to 3-1/4 Year Low as President Trump Looks to Fast-Track His Pick for New Fed Chair
The dollar index (DXY00 ) on Thursday fell by -0.54%, reaching a 3-1/4 year low. The dollar retreated following a Wall Street Journal report that said President Trump is considering accelerating the announcement of the next Fed Chair. The dollar remained lower on Thursday’s US economic news of a downward...
Trump Plans to Replace Federal Reserve Chair Jerome Powell Early to Lower Interest Rates
President Donald Trump is inching closer to picking a replacement for Federal Reserve Chair Jerome Powell. The post Trump Plans to Replace Federal Reserve Chair Jerome Powell Early to Lower Interest Rates appeared first on Slay News.
Dollar slumps to lowest against the euro since 2021 as Donald Trump considers nominee for Fed chair
The US dollar hit a three-and-a-half-year low against the euro and sterling yesterday as markets eye the potential of a new Donald Trump-appointed chair of the Federal Reserve slashing interest rates.
President Donald Trump is seriously assessing to advance the announcement of his candidate to lead the Federal Reserve (Fed), in an attempt to pressure the head of the agency, Jerome Powell, and begin to improve market expectations in full dispute over the course of monetary policy.Read more]]>
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