‘Hassett Effect' May Weigh on U.S. Dollar

Core Viewpoint - The U.S. dollar remains stable despite increasing expectations for a Federal Reserve rate cut, but experiences a decline with the rise in odds of Kevin Hassett being nominated as the next Fed Chair [1] Group 1 - The U.S. dollar's steadiness is attributed to surging odds of a Federal Reserve rate cut [1] - The dollar stumbles as the likelihood of Kevin Hassett's nomination for Fed Chair increases [1]