[CICC: If Hassett Becomes Fed Chair, U.S. Treasury Yields and Dollar May Fall First, Then Rise] BlockBeats News, December 8, CICC's research report stated that under the baseline scenario, if Hassett becomes the new Federal Reserve Chair, U.S. Treasury yields and the dollar may initially decline before rising, which would overall be favorable for U.S. stocks. From the timeline perspective, in early 2026, Trump is expected to announce the nomination of a new chair. For Hassett, he would first need to be nominated as a Federal Reserve governor and confirmed by the Senate, then be nominated as chair and confirmed again. He would officially assume the role after the current chair, Powell, completes his term in May 2026, potentially leading the June FOMC meeting as early as then. The first quarter of next year will be a critical period when the nomination of the new chair begins to influence market expectations. If Hassett makes overly dovish statements at that time, there is a possibility of U.S. Treasury yields and the dollar temporarily dipping below expectations. However, as long as it does not significantly cross the line into concerns about 'loss of independence,' the realization of expectations combined with U.S. economic recovery could lead to a reversal, with U.S. Treasury yields and the dollar likely trending upward. (Jin10)