Poland is keeping close tabs on potential market turbulence stemming from Trump's ongoing Federal Reserve investigation. The investment-grade sovereign is weighing a dollar-denominated debt issuance later this year, but market volatility sparked by policy shifts at the Fed could influence the timing and terms of such offerings. The geopolitical and economic backdrop matters when major central bank decisions hang in the balance—especially for countries managing currency exposure and refinancing needs. Poland's cautious stance reflects how macroeconomic headwinds, from monetary policy shocks to broader rate environment changes, can ripple across global credit markets and reshape borrowing strategies.