ING Bank: Dollar could fall further if Powell hints at rate cut
2025-06-24 18:13:33 Primitive Reading

　ING analyst Francesco Pesole stated in a report that if Federal Reserve Chairman Powell hints at further rate cuts when testifying before Congress tonight at 22:00, the dollar may further decline. He said that after Fed directors Bullard and Bowman supported an interest rate cut as early as July, Powell's hinting at a rate cut has increased the risk. The market may interpret any change in Powell's cautious attitude towards rate cuts as a sign that Trump's pressure for rate cuts has "broken through the Fed's independence shield." This could lead to a significant depreciation of the dollar.

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