According to Odaily, Ed Yardeni, President of Yardeni Research, has emphasized the importance of the Federal Reserve's interest rate strategy in maintaining the strength of the U.S. dollar. Yardeni suggests that the Fed may need to halt interest rate cuts to ensure the dollar remains robust. He highlights the solid performance of the U.S. economy and notes that Yardeni Research has consistently held a positive outlook on the dollar.
A few months ago, the dollar experienced a decline as market expectations leaned towards multiple interest rate cuts by the Federal Reserve. Yardeni argues that such a move would be a mistake. He points out that both the U.S. Treasury market and the dollar's performance support his perspective. By stopping or reducing interest rate cuts, Yardeni believes the Federal Reserve can contribute to sustaining the dollar's strength.