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2025-12-12 20:18:19
Commerzbank Warns: Dollar Faces Pressure if Hassett Takes Over Fed and Pushes for Irrational Rate Cuts] Commerzbank analyst Volkmar Baur warned in a recent report that if former White House economic advisor Kevin Hassett, considered a leading candidate for the next Federal Reserve Chairman, takes over the Fed and, based on his stance that the Fed is "significantly lagging in rate cuts," pushes for irrational easing policies regardless of economic fundamentals (especially the slowly cooling labor market data), the dollar could face significant depreciation pressure. Baur emphasized that current data shows the US economy, especially the job market, remains resilient and does not support immediate or aggressive rate cuts. He further pointed out that Hassett is unlikely to change his policy stance based on objective data, and if his monetary policy deviates from economic reality, "the dollar may pay the price."
