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Deutsche Bank: US Federal Reserve Independence Risk, Rising US Debt Become Structural Resistance to US Dollar
Summary: According to Jinshi News, Deutsche Bank analyst Antje Praefcke stated that the independence of the US Federal Reserve is under threat and the continuous deterioration of the US budget deficit are structural pressure factors facing the US dollar. The dismissal of Federal Reserve Board member Lisa Cook by US President Trump has raised new concerns ...
According to Jinshi News, Deutsche Bank analyst Antje Praefcke stated that the independence of the US Federal Reserve is under threat and the continuous deterioration of the US budget deficit are structural pressure factors facing the US dollar. The dismissal of Federal Reserve Board member Lisa Cook by US President Trump has raised new concerns about the independence of the Federal Reserve, she said, which is crucial to maintaining the value of currency. Praefcke stated that central banks must make painful decisions to address economic imbalances. In addition, the US dollar also faces the impact of concerns about the sustainability of US debt. Trump's tax and spending bill may ultimately be more expensive than currently planned. She noted that while some tax breaks should be temporary, past experience has shown that it is difficult to reverse them when these breaks are nearing expiration.
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Link: Deutsche Bank: US Federal Reserve Independence Risk, Rising US Debt Become Structural Resistance to US Dollar [Copy]
