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US, South Korea Set for Trade Negotiation as Tariffs Hit Economy

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampDOGE Places Entire Staff of Federal Homelessness Agency on LeaveNashville’s $3 Billion Transit Plan Brings a Call for Zoning ReformSouth Korea and the US will kick off trade negotiations this week as the Asian export powerhouse seeks to persuade Donald Trump’

Emerging Market Currencies Gain as Fed Worries Depress Dollar

(Bloomberg) -- Emerging market currencies rose as the dollar continued to retreat amid worries over the independence of the Federal Reserve. Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampDOGE Places Entire Staff of Federal Homelessness Agency on LeaveNashville’s $3 Billion Transit Plan Brings a Call for Zoning ReformA gauge of developing market currencies advanced 0.3% on Monday. Last week i

Dollar slides to three-year low as Trump attacks threaten Fed's independence

The dollar tumbled on Monday to its lowest level in three years as investor confidence in the U.S. economy took another hit over President Donald Trump's attacks on the Federal Reserve chairman, potentially putting the central bank's independence under threat. White House economic adviser Kevin Hassett said on Friday that the president and his team were continuing to study whether they could fire Powell, just a day after Trump said Powell's termination "cannot come fast enough" as he called for the Fed to cut interest rates.

Fed's Goolsbee hopes US not moving to where monetary independence is questioned - CBS 'Face the Nation'

Goolsbee, responding to a question on CBS' "Face the Nation" about President Donald Trump's outbursts last week against Fed Chair Jerome Powell, said economists agree that central banks that have the ability to conduct monetary policy with no political tampering have better outcomes for their economies. "I strongly hope that we do not move ourselves into an environment where monetary independence is in question, because that would undermine the credibility of the Fed," he said.