The global market faces turmoil following news that U.S. President Donald Trump may remove Federal Reserve Chairman Jerome Powell, shaking investor confidence and causing a record drop in the dollar’s value. The dollar hit its lowest level against the euro in nearly four years, with fears of political interference undermining the Fed’s credibility and future interest rate clarity. Meanwhile, the euro, pound, yen, and Swiss franc strengthen amid rising global economic uncertainty and expectations of U.S. interest rate cuts.
Uncertainty has arisen in the global market over the decision to remove Jerome Powell, the Chairman of the U.S. Federal Reserve. Investor confidence has declined, raising questions about the stability of U.S. monetary policy. The direct impact is already visible in the value of the dollar.
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