Friday, July 25, 2025

The Fed and the Dollar

The Fed Needs to Tread Carefully with This Strange Dollar
https://www.bloomberg.com/opinion/articles/2025-07-24/the-fed-needs-to-tread-carefully-with-this-strange-dollar
The currency’s uncharacteristic behavior is another reason for Powell to ignore Trump and stay cautious on rate cuts. 

The More Trump Pressures the Fed, the Less Likely He Gets Lower Rates
https://www.wsj.com/economy/central-banking/trump-fed-pressure-rate-cuts-8e91185f
If the president thinks the Fed is hard to deal with, wait until he tries to negotiate with the bond market.