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Analysis: If Haslet or Malpas were to take over as Federal Reserve Board members, the dollar would fall
BlockBeats News, August 6th, according to foreign media analysis, if US President Trump chooses either Hassett (Kevin Hassett) or Malpass (David Malpass) to succeed Kudlow as a Federal Reserve Board member, the US dollar may weaken. This is because Hassett and Malpass are considered more dovish than the other top candidate for the position, Warsh (Kevin Warsh). Trump is expected to announce by the end of this week who will replace Kudlow, and this person is also likely to become the successor to Powell as the Fed Chair. Trump has narrowed down the candidates to four people: Hassett, Malpass, Warsh, and current Fed Governor Waller. Regardless of who Trump ultimately chooses to replace Kudlow, the candidate is likely to advocate for the Fed to cut rates by more than 25 basis points in September. (FXStreet)
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