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Analysis: If Hassett or Malpass take over as Fed governor, the dollar will decline

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2025-08-06 09:04:50
According to foreign media analysis reports, if US President Donald Trump chooses Kevin Hassett or David Malpass to succeed Kugler as the Federal Reserve governor, the dollar may weaken. Because Hassett and Malpass are seen as more dovish than the other popular candidate for the position, Kevin Warsh. Trump will announce who will replace Kugler before the end of this week, and this person may also become the Fed chairperson to replace Powell. Trump has narrowed down the candidates to four: Hassett, Malpass, Warsh and current Fed governor Waller. No matter who Trump ultimately chooses to replace Kugler, that candidate is likely to advocate for the Federal Reserve to cut interest rates by more than 25 basis points in September.
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