Economist: The expectation of Walsh's succession has been priced in, but downside risks for the US dollar remain
ChainCatcher News, according to Golden Ten Data, Investec Chief Economist Philip Shaw stated that there were strong overnight rumors that Walsh would take over, and related transactions were basically completed last night. Next, Walsh's stance on key issues such as interest rates and the balance sheet 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 Federal Reserve or other areas of government operations. Although the risk of a weaker dollar has decreased after today's announcement, risks still remain.
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