Commerzbank: Trump’s Attacks on U.S. Institutions Pose a Threat to the Dollar

According to a report by Jinse Finance, Michael Pfister, an analyst at Commerzbank, stated that Trump's attacks on the Federal Reserve and the U.S. Bureau of Labor Statistics pose a threat to the outlook for the U.S. dollar. On Tuesday, Trump once again criticized Federal Reserve Chairman Powell for not lowering interest rates. Trump also threatened to sue Powell over the costly renovation of the Federal Reserve's Washington headquarters. On Monday, Trump nominated conservative think tank economist Anthony to replace the head of the Bureau of Labor Statistics, whom he dismissed earlier this month. Pfister commented, "This increasingly brings to mind authoritarian countries, where the heads of statistical agencies or central banks are replaced. And this is unfavorable for the dollar."