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TechFlow, June 29 — According to Jinshi News, the Bank for International Settlements stated that Trump's criticism of the Federal Reserve's interest rate decisions does not threaten its independence. Uncertainty surrounding U.S. economic policy is dampening economic growth, but no "worrisome" signs related to a decline in the dollar exchange rate have been detected. Rising protectionism and trade fragmentation are "particularly concerning."
The Bank for International Settlements stated that Trump's criticism of the Federal Reserve's interest rate decisions does not threaten its independence. Uncertainty surrounding U.S. economic policy is dampening economic growth, but no "worrisome" signs related to a decline in the dollar exchange rate have been detected so far. Rising protectionism and trade fragmentation are "particularly concerning."
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