A weak US dollar may impact Trump's economic plans and Federal Reserve policy

The depreciation of the US dollar may lead to the risk of "imported" inflation for the United States. Joe Kalish, Chief Macro Strategist at Ned Davis Research, stated that Trump's disregard for the dollar could undermine his economic agenda and affect the Republican Party's seats in the House of Representatives. Federal Reserve Chairman Powell said on Wednesday that the dollar issue is overseen by the Treasury Department, but inflation triggered by the dollar's depreciation could force the Federal Reserve to adjust its interest rate policy, which would run counter to Trump's expectations.