Dalip Singh: There is uncertainty in the future direction of U.S. monetary policy.

According to Jin Shi, Dalip Singh, vice chairman and chief global economist of the fixed income department of PGIM, a U.S. asset management company, said that the main short-term risk to the dollar comes from President Trump's continued pressure on the Federal Reserve. He noted that the market is concerned that the Fed will take an overly dovish stance under political pressure to ease monetary policy. Singh said there is uncertainty about the future direction of monetary policy, and if easing policy and fiscal expansion are combined, it may push up inflation and further weaken the dollar in the global monetary policy divergence.

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