The United States is in turmoil, and so is its currency. Since Donald Trump slapped tariffs on all imports, global markets have retreated. His unrelenting attacks on Federal Reserve Chairman Jerome Powell then further shattered confidence in American monetary stability.

“Mr. Too Late, a major loser, should lower interest rates, NOW,” Trump demanded on social media last week. Previously, he declared Powell’s “termination cannot come fast enough” and even praised the European Central Bank as a model because of its looser monetary policy.

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