According to Standard Chartered, the risk of a serious dollar depreciation will rise next year if Trump's policies increase the US debt burden but fail to stimulate the economy.
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New York Federal Reserve (Fed) President John Williams is urging his colleagues to take decisive action in response to inflation and inflation expectations deviating from the central bank's targets.
Thomas Barkin, the head of the Federal Reserve Bank (Fed) of Richmond, spoke to Bloomberg Television about why the US economy is slowing down. He pointed out that business leaders have decided to stop new hiring and postpone long-term investment decisions.
Reuters says a significant weakening of the US currency is necessary to narrow or completely eliminate the United States’ trade deficit, which is the main goal of President Donald Trump's economic agenda.
On Tuesday, the pound edged lower against the dollar. Nevertheless, the British currency held near the three-year high it reached on Monday, as relatively upbeat economic data lifted market sentiment, Reuters reports.
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