[Analysis: A Weak Dollar Could Become Trouble for Trump and the Next Fed Chair] According to a report by Jinse Finance, the depreciation of the dollar could spell trouble for Trump and the Federal Reserve. If the dollar depreciates significantly, the U.S. could face the risk of effectively "importing" inflation. Ned Davis Research's Chief Macro Strategist Joe Kalish wrote: "Trump's disregard for the dollar could backfire on him, undermine his economic plans, and lead to the Republican Party losing its majority in the House of Representatives." On Wednesday, Powell stated that the Federal Reserve would not discuss dollar issues, as "the Treasury Department is the agency responsible for currency regulation." However, ironically, if inflation becomes more severe, it might be the Federal Reserve's actions that help defend the dollar. Further inflation triggered by the continued depreciation of the dollar could prevent the Federal Reserve from lowering interest rates as Trump desires and might even force it to raise rates. (Barron's)