Recently, the market uncertainty has increased significantly, especially the discussion about Trump putting pressure on the Fed, questioning its independence, and whether he has the right to fire Powell, which has further worried the market. Michael Feroli, chief American economist in JPMorgan Chase, also pointed out that any sign of weakening the Fed's independence will increase the risk of upward inflation expectations, which have been under the dual pressure of tariff impact and rising market expectations#Currency pair forecast
Recently, the market uncertainty has increased significantly, especially the discussion about Trump putting pressure on the Fed, questioning its independence, and whether he has the right to fire Powell, which has further worried the market. Michael Feroli, chief American economist in JPMorgan Chase, also pointed out that any sign of weakening the Fed's independence will increase the risk of upward inflation expectations, which have been under the dual pressure of tariff impact and rising market expectations#Currency pair forecast