New York Stock Exchange traders watch Federal Reserve chairman Jerome Powell’s news conference on July 31, 2019. If investors reject the Fed’s narrative that inflation is transitory, then support for US bonds and the dollar will weaken. Photo: Reuters
New York Stock Exchange traders watch Federal Reserve chairman Jerome Powell’s news conference on July 31, 2019. If investors reject the Fed’s narrative that inflation is transitory, then support for US bonds and the dollar will weaken. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

The US Federal Reserve’s monetary course risks leaving the dollar to sink

  • As pent-up consumer demand for imports drives up the US trade deficit amid rising inflation, the Fed’s unchanged policy could seriously hurt the dollar

New York Stock Exchange traders watch Federal Reserve chairman Jerome Powell’s news conference on July 31, 2019. If investors reject the Fed’s narrative that inflation is transitory, then support for US bonds and the dollar will weaken. Photo: Reuters
New York Stock Exchange traders watch Federal Reserve chairman Jerome Powell’s news conference on July 31, 2019. If investors reject the Fed’s narrative that inflation is transitory, then support for US bonds and the dollar will weaken. Photo: Reuters
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