Economist: The expectation of Walsh taking over has been priced in, and the downside risk for the dollar remains

According to Jinshi News, Investec's chief economist Philip Shaw stated that there are strong rumors in the overnight market about Waller taking over, and the related transactions were basically completed last night. Next, Waller's stance on key issues such as interest rates and the balance sheet will be evaluated. He pointed out that the U.S. fiscal situation is on an unsustainable path, and Waller'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 news was released, the risk still exists.