The investor in the hedge fund, billionaire Ray Dalio, author of “How Countries Breaking”, is discussing the policies of President Trump’s trade and the value of the US dollar.
the US dollar On Monday, a volatile trading day witnessed the United States joining Israel in attacking Iranian nuclear facilities.
The dollar was strengthened during the trading session on Monday morning, as it increased by up to 0.71 % as investors flocked to Greenback, and have reached its highest level since May, according to the WSJ Dollar index, which measures the dollar against a basket of currencies.
With the afternoon approaching, the dollar abandoned these gains and more than 0.3 % decreased during mid -afternoon trading.
The dollar chip occurred after the comments from Federal Reserve Governor Michel Bowman suggests that the central bank can reduce interest rates as soon as it meets next month.
The Federal Reserve leaves the main interest rate unchanged for the fourth consecutive meeting
The dollar fluctuated in the wake of the American strikes on Iran as well as comments from federal reserve officials. (Getty Images / Clearance / Getty Images)
Last week, the Federal Reserve kept the federal funds price in a range between 4.25 % to 4.5 %, noting the economic uncertainty amid a looming tariff on the horizon that can reach consumer prices on a wider scale.
Federal Reserve Chair Jerome Powell He pointed out that the labor market is in or near the maximum level of employment and that inflation is somewhat higher than the 2 % tallest goal of the Federal Reserve, which leaves the central bank in a position that allows for disposal if economic conditions deteriorate.
Bowman spoke at a research conference in Prague, the Czech Republic, and said that the central bank will have opportunities to review more inflation market and labor market data before its next meeting, which could open the door to reduce the first interest in 2025.
Federal Reserve Governor Michelle Bowman said she could see discounts in interest rates that occur next month if economic data supports this step. (Photographer: Al Drao / Bloomberg via Getty Images / Getty Images)
Bowman said: “If the next data shows that inflation continues to develop positively, while the upcoming pressure remains limited to the prices of goods, or if we see that there are signs that the most soft spending is leaking to the conditions of the weakest labor market, then we must be addressed in our policy discussions and reflects in our deliberations.”
“He should Inflation pressure “It is still included, I would like to support the reduction of the policy price as soon as our next meeting in order to make it closer to its neutral environment and maintain the health labor market,” said Bowman.
Her comments said after another nutrition governor, Christopher Waller, last week that the Federal Reserve could reduce the prices that start in July.
The Federal Reserve Governor breaks the ranks
President Donald Trump appointed Jerome Powell as head of the Federal Reserve in 2017, although he sharply criticized the FBI approach to monetary policy. (Saul Loeb / AFP via Getty Images / Getty Images)
The Federal Reserve reduced interest rates by 100 basis points from last year, including a 50-Basis reduction in September, followed by a pair of 25 cuts at bus points in November and December.
president Donald Trump He has repeatedly criticized the central bank and Powell for refusing to reduce interest rates, describing him as “the master is too late”, among other insults.
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Trump has sometimes suggested that he may try to remove Powell from his role, although federal law may prevent such a step.
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