Kevin Warsh's First Fed Meeting Surprises Markets, USD Could Rally
Falling U.S. prices are seen as positive, but the dollar may strengthen further after Fed Chair Kevin Warsh's unexpected initial moves.
Despite lower U.S. inflation being welcome news, the dollar is at risk of further appreciation.
Kevin Warsh's first meeting as Federal Reserve Chair was initially expected to signal a rate-cutting bias aligned with President Trump. Instead, he surprised markets with a more hawkish stance.
Source: FXStreet Forex News