Article 6Y86D Dollar falls to three-year low after report Trump may name next Fed chair early

Dollar falls to three-year low after report Trump may name next Fed chair early

by
Joanna Partridge
from US news | The Guardian on (#6Y86D)

US president has clashed with incumbent Jerome Powell, whose term is due to run for 11 more months

The dollar has fallen to a three-year low after a report that Donald Trump is considering announcing his choice to succeed the Federal Reserve chair, Jerome Powell, earlier than expected.

The US president has repeatedly clashed with Powell, accusing the central bank chief of being too slow to cut interest rates, calling him very dumb" in his latest broadside on Tuesday.

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