Economists: There is uncertainty about the future direction of US monetary policy.

On September 26, local time, Dalip Singh, Vice President and Chief Global Economist of the Fixed Income Department of PGIM, an American asset management company, stated that the main short-term risk for the US dollar comes from President Trump's continued pressure on the Federal Reserve. He pointed out that the market is concerned that the Federal Reserve may adopt an excessively dovish stance under political pressure, resulting in a loosening of monetary policy. Singh stated that although the Federal Reserve recently cut interest rates slightly, there is uncertainty about the future direction of monetary policy, especially as Chairman Powell's term ends in May next year. He warned that if loose monetary policy is combined with fiscal expansion, it could push up inflation and further weaken the US dollar in the global currency policy differentiation.