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Trump's attack on Fed crossed 'red line' for markets, could weaken dollar
The dollar fell to the day's lows and could continue to weaken after President Donald Trump said he disagrees with the Fed's decision to raise interest rates and that the Fed should do "what's good for the country." Trump's latest criticism of the Fed, in an interview with Reuters, comes four days before Friday's much anticipated speech by Fed Chair Jerome Powell at the Fed's annual Jackson Hole Symposium. "The market is going to react to it, not so much in the fed funds futures on the idea that the Fed will change its view, but on the dollar because of the idea of Fed encroachment," said Marc Chandler, head of ... (full story)
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