Trump continues to cause trouble relying on his presidential influence, while the dollar continues to decline, recovering from its previous upward trend. The global economic recession is gradually becoming evident, and US stocks are also being dragged down. Caution is advised to avoid the opposite effect.

If Trump hopes for a weaker dollar, threatening to fire Federal Reserve Chairman Powell is a foolproof method. Regardless of whether he has the ability to fire Powell at his own discretion, even if he can force Powell into an early retirement, one must ask what will happen to the dollar without Powell!

The price the market has to bear is too great; the dollar's decline this year has erased all the gains from last year. Considering the tsunami-like capital inflow of tens of trillions of dollars from global investors into Wall Street under the support of the "American exceptionalism," this is quite an achievement.

Traders currently expect the Federal Reserve to cut interest rates by 100 basis points to 3.25%-3.50% this year, but this is a result of Powell attempting to balance economic growth concerns with any upward price pressures. If the Federal Reserve's and Trump's ideas become more aligned going forward, it will tilt this balance towards more easing.

If the dollar continues to be weak, it will not be welcomed by other countries, and the exchange rate of their currencies against the dollar will rise. Additionally, a loss of confidence in the dollar could trigger turbulence, sweeping through global markets in unexpected ways. Therefore, official intervention will certainly occur.

In other words, this ongoing decline will not last long; tariff negotiations have been delayed for too long without any substantial progress, and amidst the chaos, someone will always step up to take charge. Let's observe the subsequent developments at the end of April, and see how the big shots express their opinions tonight!