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April 21, 2025
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Reuters: Dollar slides to three-year low as Trump attacks threaten Fed's independence

"If the central bank’s dual mandate -- preserving price stability and fostering full employment -- is diluted with a new set of objectives defined by the White House, policymakers could find themselves unable to tighten policy dramatically in the face of a sudden increase in prices," said Karl Schamotta, chief market strategist at Corpay in Toronto, in a research note. Reuters: Dollar slides to three-year low as Trump attacks threaten Fed's independence