Fed Governor Pick Has Dollar Traders Questioning Their Life Choices
Key Points
- The dollar's weakness is influenced by political tensions an...
The dollar decided to take a vacation on August 26, and frankly, who can blame it? Between Trump's ongoing feud with the Federal Reserve and Stephen Miran's fresh appointment as FOMC Governor, the greenback seems about as confident as a day trader's New Year's resolution to "diversify responsibly."
When Politics Meets Monetary Policy (Spoiler: It Gets Messy)
The appointment of Miran has analysts worried that Fed independence might become as extinct as bear markets in a bull run. The concern isn't just academic—when central bank autonomy gets questioned, currencies tend to react like cats...
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