According to PANews, Sean Callow, a market strategist at InTouch Capital Markets, has expressed concerns over potential actions by the Trump administration to dismiss Federal Reserve Chairman Jerome Powell. Such a move could significantly affect the U.S. dollar, as markets might anticipate the appointment of a more dovish successor, leading to lower short-term yields and increased risk and inflation premiums on long-term U.S. Treasury bonds. While historical data is lacking to assess the foreign exchange market's reaction, Callow noted that the U.S. Dollar Index (DXY) could easily decline by more than 5% in the long term.