mo4ch:>US-China trade war may soon become a currency war, strategist warns | Mo4ch News
Washington could trigger a currency war in “two to three years” once it shifts away from the trade war with China, according to Christian Gattiker, head of research at Julius Baer Group.He told CNBC that the US Federal Reserve has been yielding to pressure from the White House with a policy which could shape the dollar’s future.“[The Fed] moved 180 degrees from being in auto-pilot, tightening mode to cutting rates and easing monetary policy, so I think there is a certain pressure on,” Gattiker said.Also on rt.comUS Fed cuts rates like an alcoholic who always drinks no matter what – RT’s Keiser ReportThe expert strategist added that the current geopolitical environment was creating new objectives for the Fed, including the maintenance of an “orderly economic environment.”“With its new mandate, [the Fed] is entitled to yield to this pressure, even in the greater scheme of things with the trade war. So, I think a weaker dollar is warranted, from a US perspective,” he said. “We might actu…