Deutsche Bank: The next Federal Reserve Chair will face downward pressure on the dollar if inflation is not addressed

According to Jin Ten, Deutsche Bank analyst Antje Praefcke pointed out that if the next Federal Reserve chair responds to President Trump’s calls for interest rate cuts while inflation remains high, the dollar may face downward pressure. Praefcke believes that the expected nominee, White House National Economic Council Director Hassett, is a loyal supporter of Trump, which increases the likelihood of Fed rate cuts. She stated that if the Fed cannot effectively curb inflation risks, it will have a negative impact on the currency.