The dollar dipped amid an increase of bets on US interest-rate cuts on growing expectations the next Federal Reserve chairman is likely to ease monetary policy earlier than currently anticipated.

President Donald Trump on Wednesday called Federal Reserve Chair Jerome Powell "terrible" in his latest attack on the central bank chief and said he has three or four people in mind as contenders for the top Fed job.

President Donald Trump addresses his criticism of Federal Reserve Chairman Jerome Powell while taking questions at the NATO summit

Federal Reserve Chair Jerome Powell on Wednesday said the US central bank is still struggling to determine the impact of tariffs on consumer prices.

Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the cha