Fed Chair Powell reiterated uncertainty over the effects of tariffs on prices. And for all the concern about labor markets, the real problem there, particularly with deportations, is too few workers,

The dollar hit a fresh three-and-a-half-year low against the euro on Friday as traders bet that the Federal Reserve will cut rates more times and possibly sooner than previously expected as some U.S.

Markets see rising odds of Federal Reserve easing as Donald Trump may replace Jerome Powell with a dovish pick.

US president has clashed with incumbent Jerome Powell, whose term is due to run for 11 more months

The dollar weakened to a three-year low after a report that Donald Trump was considering nominating the next Federal Reserve chair early. The US dollar fell 0.3 per cent against a basket of key trading partners’ currencies on Thursday morning in Asia,