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Benzinga
Benzinga
Business
Rishabh Mishra

Trump Is Slamming Jerome Powell Because He 'Wants A Weaker Dollar,' Says Ed Yardeni: 'Pounding Powell = Pounding The Dollar'

Jerome Powell Ed Yardeni Donald Trump United States US Federal Reserve Yardeni Research Scott Bessent
Donald Trump

President Donald Trump's relentless criticism of Federal Reserve Chair Jerome Powell is a calculated move to weaken the U.S. dollar, according to Ed Yardeni, president of Yardeni Research.

What Happened: Trump's attacks on Powell aim to pressure the Fed chair into cutting interest rates or resigning, allowing Trump to appoint a loyalist who would cut interest rates faster. This comes as he wants to devalue the dollar to boost U.S. exports and curb imports.

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