Dollar's Identity Crisis: Fed's Latest Existential Musings
Key Points
- The U.S. dollar is facing instability as Fed Chair Powell si...
Money talks, but lately the U.S. dollar seems to be having a nervous breakdown! As Federal Reserve Chair Jerome Powell cleared his throat on May 15th to deliver another economic soliloquy, traders worldwide grabbed their popcorn for what promised to be another riveting episode of "How the Dollar Turns."
Powell's Persistent Policy Puzzler
The Fed's keeping interest rates between 4.25% and 4.5%, showing all the decisiveness of someone picking a Netflix show. Powell's latest speech highlighted the need to rethink monetary policies, apparently discovering that post-pandemic supply shocks aren...
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