![]() ![]() ![]() “The Fed has stressed this enormous uncertainty (around Trump), so … the main driver right now (for the dollar) is not monetary policy, because monetary policy will react to what we’re going to hear from Donald Trump in the next couple of weeks,” said Commerzbank currency strategist Esther Reichelt, in Frankfurt. ![]() central bank to step up the pace of its rate increases from the once-a-year pattern it has pursued since 2015, warning of inflation risks if it does not.Īt a separate event, Atlanta Fed President Dennis Lockhart said it was too early to judge how the incoming Trump administration may change the path of the economy. WASHINGTON Former President Donald Trump on Tuesday abruptly canceled a news conference scheduled for the anniversary of the Jan. Boston Federal Reserve President Eric Rosengren on Monday called on the U.S. 8, as investors bet his promised programme of fiscal expansion will boost inflation and growth, leading to a faster pace of interest rate rises from the Federal Reserve. The dollar index has climbed 4 percent since Trump’s election on Nov. The criminal charges Trump is facing are connected to hush money payments to two women, including adult film star Stormy Daniels, before the 2016 election, per NBC News. Donald Trumps campaign says the former president will deliver remarks Tuesday night in Florida after his scheduled arraignment in New York earlier that day on charges related to hush money payments. “So the market had got a bit ahead of itself about the press conference tomorrow.” “Trump can make remarks more or less all the time, but I think when it is an official press conference, he will have been briefed and he might not be as inclined to go off and make some radical statement,” Christensen said. ![]()
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