Economist: Wosh's succession expectations have been priced in, and the downside risk for the dollar remains

ChainCatcher news, according to Jinshi, Investec Chief Economist Philip Shaw said that there were strong rumors in the market overnight that Walsh would take over, and the relevant transaction was basically completed last night. Next, Walsh’s stance on key issues such as interest rates and balance sheets will be assessed. He pointed out that the U.S. fiscal situation is on an unsustainable path, and Walsh’s appointment does not mean that Trump will not intervene in the Fed or other areas of government operations. Although the risk of a weaker dollar has decreased after today’s news, the risk remains.