According to Odaily, Stephen Miran, the former chairman of the White House Council of Economic Advisers under President Trump, has suggested that the United States could weaken the dollar through a 'Mar-a-Lago Agreement.' This proposal is modeled after the 1985 Plaza Accord, where the U.S. and its allies collaborated to lower the dollar's exchange rate. Miran noted that if this leads to a sell-off in long-term Treasury bonds, the Federal Reserve might need to purchase these bonds to mitigate rising long-term interest rates, effectively implementing quantitative easing (QE) measures. He further mentioned that the Federal Reserve is more likely to collaborate with the Treasury on currency and bond interventions to maintain its monetary policy independence.