Furthermore,
Succession jerome powell dollar vacant:
The dollar has affected a three -year low. Furthermore, while Jerome Powell’s successor could be announced in September, according to the Wall Street Journal. Consequently, Beyond the “Dovish” bias that the next president of the Fed should have, investors fear a weakening of the institution. Moreover,
Donald Trump never misses an opportunity to criticize Jerome Powell. Consequently, Yesterday. However, at a press conference at the end of the NATO summit, he still described the one he nicknamed “Too Late” as a stupid “.
Critics in line with these previous statements. Similarly, We can nevertheless note that he no longer threatens to dismiss the current president of the Fed. which is already progress: “He soon goes away, fortunately, because I think it is very bad.”
What do the subjects of monetary policy come in the midst of a NATO press conference. you succession jerome powell dollar vacant will tell me. Donald Trump cannot be criticized for answering a question asked. But he still carries the responsibility. because everything he does is so disjointed that journalists no longer bother to ask questions related to the event for which they are present.
Who to replace Powell?
All the challenge is now to know the one who will replace Jerome Powell, whose mandate expires in May 2026. “I know three or four people from whom I will choose” declared Donald Trump yesterday.
According to an article in the Wall Street Journal. five candidates are in the running: the secretary of the Treasury, Scott Bessent, the former governor of the Fed Kevin Warsh, the director of the National Economic Council Kevin Hassett, the governor of the Fed Christopher Waller, and the former president of the World Bank David Malpass.
If Scott Bessent had previously declared that the hearings would not start succession jerome powell dollar vacant before the fall. according to the Wall Street Journal, President Trump could announce his choice in September.
Worse semester since 1991 for the dollar
An announcement that has helped plunge the dollar to the lowest for three years. Indeed, there could be a “shadow fed flesh” (ghost president). Clearly, if Donald Trump names Jerome Powell’s successor, he could make the latter a “lame duck”. In such a configuration. the markets would begin to listen to his successor more, thus weakening the credibility of the Fed.
Investors also fear that Donald Trump has too much influence on the Fed from next year. At a minimum, the personality chosen will be in favor of rate reductions.
All this explains the weakening of the dollar. The dollar index – The dollar against a basket of reference currencies has affected a three -year lower. Since the start of the year, the drop has been succession jerome powell dollar vacant more than 10%. It has been the worst semester since 1991.
Succession jerome powell dollar vacant
Further reading: Described as “monster”, the law that wants to put on pause the wind and solar should finally be rejected on Tuesday – Société Générale searched in Luxembourg – Prospects for the second half of 2025: shares, bonds, gold and currencies – NATO summit | Anand wonders about the calendar to increase defense expenses – According to a new WHO report, 6.1 billion people are now protected by anti -Bacc measures.
