Mizuho Securities: The Hassett Effect May Put Pressure on the Dollar

According to Jin Ten, Mizuho Securities analyst Waratan stated that the possibility of a Federal Reserve rate cut has significantly increased, keeping the dollar stable. However, as the likelihood of Hassett being nominated as the next Federal Reserve chairman rises, the dollar exchange rate has declined. Waratan pointed out that investors are digesting the factors that Hassett could politicize the Federal Reserve, believing that the "Hassett effect" may put pressure on the dollar, and the risk of dollar depreciation remains very high.