Home > Quick > Body

Trump hinted at Hassett as a candidate for Federal Reserve chair, causing the dollar to fall

clock
2025-12-03 08:02:54
The dollar fell after Trump aggressively suggested Hassett was a potential candidate for the next Federal Reserve chair, and investors turned cautious ahead of the release of U.S. jobs data. Trump said he may announce his choice for Fed chair early next year and is considering Hassett, who is expected to favor lower interest rates. The ADP private jobs report is scheduled to be released tonight. Due to the government shutdown, there will be no more official jobs data before the Federal Reserve decision in December. The market bet on a rate cut this month is as high as 84%. (Jin Ten)
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.