Donald Trump says he will not fire Jay Powell as chairman of the central bank if he is re-elected president, after threatening to do so. But whether the president even has the authority is open to question.
Category: US Dollar (Currency)
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Trump-Vance Administration Could Herald New Era for Dollar
Both candidates on the Republican ticket have argued that the U.S. currency should be weaker to support American exports.
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How the Yen’s Slide Is Undermining Japan’s Defense Buildup
Japan is struggling to fund plans that would significantly bolster its military readiness amid rising regional threats.
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Destinations Where the Dollar Buys More
American travelers going abroad this summer will find their money buys more in some unexpected countries, including Japan and Australia.
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A Strong U.S. Dollar Weighs on the World
Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.
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As Fed Battles Inflation, the Dollar Keeps Its Swagger
The U.S. currency has been on a tear, and the Fed’s decision to keep interest rates steady is likely to keep the dollar “higher for longer,” our columnist says.
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Plunge in Currency Deepens Iran’s Economic Crisis
The New York Times – Business:Years of Western sanctions are partly to blame for the crisis. But economists say poor management by the country’s authoritarian clerical rulers also plays a big part.
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Yellen is First Female Treasury Secretary With Signature on U.S. Dollar
The New York Times – Business:Two women — the first female Treasury secretary and the first Native American to serve as U.S. treasurer — now have their signatures on America’s currency.
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The New York Times – Business:The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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Getting the Most Bang for Your Buck While Traveling Overseas
The New York Times – Frugal Traveler:The strong American dollar is the upside of a volatile economy. For U.S. travelers headed abroad, that may help make up for the rising cost of travel.