Weak US dollar may affect Trump's economic plan and Federal Reserve policies

The depreciation of the US dollar may lead to the risk of "imported" inflation in the United States. Joe Kalish, Chief Macro Strategist at Ned Davis Research, stated that Trump's disregard for the US dollar could undermine his economic plans and affect the Republican Party's seats in the House of Representatives. Federal Reserve Chairman Powell stated on Wednesday that the US dollar issue is under the supervision of the Treasury Department, but the inflation caused by the depreciation of the US dollar may force the Fed to adjust its interest rate policy, which contradicts Trump's expectations.