Agency: To maintain a strong dollar, the Fed needs to suspend interest rate cuts

Ed Yardeni, president of Yardeni Research, said the Federal Reserve may need to stop cutting interest rates to keep the dollar strong. Yardeni pointed out that the U.S. economy is performing well and his company, Yardeni Research, has always been positive on the dollar. A few months ago, the dollar weakened as the market expected the Fed to cut interest rates several times, and Yardeni thought it would be a mistake. He added that the performance of the U.S. Treasury market and the dollar both support this view. He believes that by stopping or reducing interest rate cuts, the Fed will help maintain the strength of the dollar. (Jinshi)