Economist John Williams sees a declining economy and says, “This is what I see happening. As the economy turns down, that’s a negative for the dollar.
Most importantly here, if the Fed backs off its tightening and moves back towards quantitative easing, and their minutes allow for it, they’re going to do that. Right now, the dollar is being supported by expectations of a higher interest rate.
As the fed moves back towards quantitative easing, you are very likely going to see a massive sell-off in the dollar. The massive sell-off in the dollar becomes very inflationary. This is a big problem right now for the Fed.”
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