Analyst: Powell cautious attitude or short-term support for the US dollar Jane Foley, a foreign exchange strategist at Rabobank, said that if Federal Reserve Chairman Powell remains cautious about interest rate cuts at the Jackson Hole Conference, it may prompt speculators to close their short positions in the US dollar in the short term, thereby supporting the US dollar. Although the market expects the Federal Reserve to cut interest rates in September, the bank still predicts that the euro against the US dollar will rise to 1.20 next spring, as the market expects more interest rate cuts in the future.