Despite the growth gap, the EURUSD will hardly fall deep
The Fed is controlled by Donald Trump, whether the FOMC officials like it or not. When the US president started criticizing Jerome Powell, it was not taken seriously. The president can’t dismiss the Federal Reserve chairman, the central bank is independent, and the White House can’t impose its will. In fact, the US president can. Indirectly. Through financial markets. The more actively Trump calls on the Fed to lower the federal funds rate, the higher are the chances of monetary expansion. The Fed, being concerned about a potential crash of…
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