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Markets are turning their attention from the Middle East tensions to Washington, where Federal Reserve Chair Jerome Powell<\/strong> is set to begin two days of testimony before Congress on Tuesday.<\/p>\n\n\n\n Powell’s Testimony and Rate Outlook<\/strong> Trump’s Criticism of Powell<\/strong> Potential Impact on the Dollar<\/strong> The testimony comes at a crucial moment, with Powell expected to provide clarity on how the Fed plans to navigate ongoing trade uncertainties and economic pressures, while also balancing inflation concerns and the potential risks to the U.S. economy. The outcome of this testimony could have a lasting impact on market sentiment, particularly regarding the dollar’s future trajectory.<\/p>\n","protected":false},"excerpt":{"rendered":" Markets are turning their attention from the Middle East tensions to Washington, where Federal Reserve Chair Jerome Powell is set to begin two days of testimony before Congress on Tuesday. Powell’s Testimony and Rate OutlookPowell is expected to face intense questioning over the Fed\u2019s decision to keep interest rates unchanged at its latest meeting, as …<\/p>\n","protected":false},"author":9,"featured_media":115625,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[],"class_list":["post-115782","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/115782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=115782"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/115782\/revisions"}],"predecessor-version":[{"id":115783,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/115782\/revisions\/115783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/115625"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=115782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=115782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=115782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Powell is expected to face intense questioning over the Fed\u2019s decision to keep interest rates unchanged at its latest meeting, as well as its cautious stance on future rate cuts. The central bank\u2019s hesitance to alter rates is largely due to ongoing uncertainties surrounding the impact of President Trump\u2019s aggressive tariff policies.<\/p>\n\n\n\n
President Trump, who has been vocal in his criticism of Powell, continued his campaign on social media, calling the Fed Chair a \u201cvery dumb, hardheaded person.\u201d Trump reiterated his call for the Fed to cut rates by “two to three points,” further criticizing Powell by claiming that the U.S. would suffer due to his \u201cincompetence.\u201d<\/p>\n\n\n\n
Analysts have warned that any subtle shift in Powell\u2019s testimony could signal that Trump\u2019s political pressure has started to influence the Fed’s decisions, potentially eroding the central bank\u2019s independence. Such a scenario could lead to significant depreciation of the U.S. dollar<\/strong>, as markets interpret these changes as a response to political intervention.<\/p>\n\n\n\n