TechFlow, August 13 — According to Jinshi Data, German commercial bank analyst Michael Pfister stated in a report that Trump's attacks on the Federal Reserve and the U.S. Bureau of Labor Statistics pose a threat to the dollar's outlook. On Tuesday, Trump again criticized Fed Chair Powell for not cutting interest rates. Trump also threatened to sue Powell over the costly renovations at the Fed's Washington headquarters. On Monday, Trump nominated conservative think tank economist Anthony to replace the head of the Bureau of Labor Statistics, whom he had fired earlier this month. Pfister said: "This increasingly resembles authoritarian countries, where heads of statistical agencies or central banks are replaced. And that is bad for the dollar."
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