Foreign media: If the Federal Reserve does not cut interest rates in July, Trump will arrange a shadow for Powell.
According to online reports, according to foreign media analysis, if Trump announces Powell's successor before the Federal Reserve's interest rate decision in September, the situation of the US dollar may turn from "bad" to "worse." Because if this happens, it means that the remaining six meetings of Powell's term will be held in the "shadow of his successor"(his term ends in May next year), which could weaken Powell's authority and thus hit the dollar. If Powell's Federal Reserve sits on hold for the fifth consecutive time next month, the odds of this happening will increase, as it will anger Trump. The current market expects a 25% probability that the Federal Reserve will cut interest rates on July 30. (Jin Shi)
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