On September 26th, local time, Dalip Singh, Vice Chairman of Fixed Income and Chief Global Economist at PGIM, a US asset management company, stated that the primary short-term risk to the US dollar comes from President Trump's continued pressure on the Federal Reserve. He noted market concerns that the Fed, under political pressure, will adopt an overly dovish stance, leading to monetary easing. Singh stated that despite the Fed's recent small interest rate cuts, uncertainty surrounds the future direction of monetary policy, given that Chairman Powell's term ends in May next year. He warned that the combination of loose policies and fiscal expansion could drive up inflation and further weaken the US dollar amid diverging global monetary policies.