[Economist: Walsh's Appointment Expectations Already Priced In, Downside Risk for the Dollar Remains] According to a report by Jinse Finance, Investec Chief Economist Philip Shaw stated that strong rumors of Walsh's appointment circulated in the overnight market, and related trades were essentially completed last night. The next step will be to assess Walsh's stance on key issues such as interest rates and the balance sheet. He pointed out that the U.S. fiscal situation is on an unsustainable path, and Walsh's appointment does not mean that Trump will refrain from interfering with the Federal Reserve or other areas of government operations. Although the risk of dollar weakness has somewhat diminished following today's announcement, risks still remain. (Jin10)