Trump's war on the Fed has created a ‘twist steepener’ in the bond market and it’s hurting the dollar

Trump declares war on the Fed, setting up a titanic struggle for world’s most important central bank

August 26, 2025

Trump’s war against Fed Chair Jerome Powell is crushing the value of the U.S. dollar

June 26, 2025

The bond market is signaling that a September cut from the Fed is no longer locked in