US politics
fromwww.nytimes.com
4 months agoTrump Tests Fed's Independence With Order Expanding Authority Over Agencies
President Trump's recent executive order raises concerns over the independence of the Federal Reserve and regulatory agencies.
President Trump expressed surprise at Jerome Powell's role as Federal Reserve Chair, despite having appointed him. Trump criticized Powell's handling of interest rates, stating that his policies harm those wanting to purchase homes.
"I think that we are falling prey to some confusion between money, means of payment, and payment infrastructure, and that is accelerated..."
The recent strength of the Mexican peso against the dollar reflects domestic wage growth and external economic factors, but caution is necessary due to ongoing vulnerabilities.