The Federal Reserve's interest rate meeting may be affected by the nomination of a new chairman, raising concerns about inflation

Louis Navellier, Chief Investment Officer of fund management company Navellier, pointed out in a report that this week's Federal Reserve interest rate meeting may be overshadowed by President Trump's nomination of a new Federal Reserve chairman in the coming weeks. The new chairman needs to be confirmed by the Senate and is expected to engage in a heated debate around inflation issues. Navellier analysis states that severe deflation risks are brewing due to the decline in rent and housing prices, sluggish oil prices, global deflationary pressure, and economic weakness, and the Federal Reserve may be forced to lower key interest rates by at least 1%.