Poland Monitors Trump’s Fed Probe as It Mulls Dollar Bonds

Poland is closely watching for any market fallout from US President Donald Trump’s investigation into the Federal Reserve as the investment-grade sovereign considers issuing debt in dollars later this year.

The east European country relies more heavily on euro bond markets for international financing but has nevertheless sold $21.5 billion in dollar-denominated notes since 2022, including $5.5 billion last year. Trump’s probe into the remodeling of the US central bank’s headquarters marks a dramatic escalation of his administration’s attacks on the Fed, raising new questions about the institution’s independence.