Soros Fund Management was founded by George Soros. Soros had short the Thai baht and Hong Kong dollar, triggered the Asian Financial Crisis.
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What would happen to the global market if the dominance of the U.S. dollar were to decline?
HSBC believes that if the USA attempts to 'reclaim' control over the dollar, meaning the Federal Reserve is no longer willing or able to continue acting as the world's 'lender of last resort', the Global Capital Markets will lose dollar swap lines, resulting in a massive shift towards Gold, which is completely inelastic in supply, thus leading to severe liquidity shortages. While Gold prices continue to soar, this may trigger financial turmoil similar to that of the 1930s or 1970s.
Half of the voting committee voiced their opinions on the same day, with signals from the Fed officials: no rush!
Two days after the Federal Reserve announced its latest interest rate decision, more than half of the Federal Reserve policymakers made public statements, none hinting at an imminent interest rate cut. Several officials emphasized the importance of controlling inflation expectations, believing that uncertainties in trade policy may keep interest rates at higher levels for a longer time.
JPMorgan CEO Jamie Dimon criticized Trump: the tariff policy is "too large, too fierce, too aggressive."
Damon believes that the most severe impacts of Trump's tariffs have yet to be seen, and that in the short term, inflation will rise and the economy will slow down, but hopes for a very mild downward process.