The new Fed board member candidates may influence the dollar's movement, Trump will announce this week.

robot
Abstract generation in progress

On August 6, according to foreign media analysis, if U.S. President Trump chooses either Kevin Hassett or David Malpass to succeed Kurgler's position on The Federal Reserve Board of Governors, the dollar may weaken. This is because Hassett and Malpass are viewed as more dovish than another popular candidate for the position, Kevin Warsh. Trump is expected to announce who will replace Kurgler by the end of this week, and this person could also become the next Fed chair to succeed Powell. Trump has narrowed the candidates down to four: Hassett, Malpass, Warsh, and current Federal Reserve Board of Governors member Waller. Regardless of who Trump ultimately chooses to replace Kurgler, that individual is likely to advocate for a rate cut greater than 25 basis points by the Fed in September.

TRUMP-0.61%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
MidsommarWalletvip
· 08-09 07:02
Cutting interest rates and causing trouble
View OriginalReply0
CodeSmellHuntervip
· 08-09 04:48
Everyone is in the rhythm of interest rate cuts.
View OriginalReply0
DancingCandlesvip
· 08-08 00:29
bearish outlook on the US dollar
View OriginalReply0
WhaleWatchervip
· 08-06 09:28
The interest rate cut has become a certainty.
View OriginalReply0
DuskSurfervip
· 08-06 09:26
The fall of the dollar is stable.
View OriginalReply0
SchrodingerWalletvip
· 08-06 09:23
Everyone is waiting for interest rate cuts.
View OriginalReply0
zkProofInThePuddingvip
· 08-06 09:23
Interest rate cuts have become a certainty
View OriginalReply0
0xInsomniavip
· 08-06 09:22
The PI era is over.
View OriginalReply0
NotSatoshivip
· 08-06 09:00
Short-term bearish on the US dollar
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)