Analysis: If Hassett or Malpas takes over as Federal Reserve governors, the US dollar will fall

BlockBeats news, on August 6th, according to foreign media analysis, if US President Trump chooses Kevin Hassett or David Malpass to take over the position of Federal Reserve governor in Kugler, the US dollar may weaken. Because Hassett and Malpas are seen as more dovish than another popular candidate for the position, Kevin Warsh. Trump will announce before the end of this week who will take over Kugler's position, and this candidate may also become the Federal Reserve Chairman to replace Powell. Trump has currently narrowed down the candidates to four: Hassett, Malpas, Walsh, and current Federal Reserve Governor Waller. Regardless of who Trump ultimately chooses to replace Kugler, the candidate is likely to advocate for the Federal Reserve to cut interest rates by more than 25 basis points in September. (Golden Ten)