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The Federal Reserve's policy meeting may be overshadowed by the nomination of a new chair, potentially leading to a 1% interest rate cut

GateNews
Source: ChainCatcher

ChainCatcher news, according to Jinshi, Louis Navellier, chief investment officer of fund management company Navellier, pointed out in a report that this week’s Fed interest rate meeting may soon be overshadowed by this event as US President Trump will nominate a new Fed chairman in the coming weeks. Navellier expects the new chairman to be confirmed by the Senate, which will spark a heated debate around inflation. He analyzed that serious deflation risks are brewing, which may force the Fed to cut its key interest rate by at least 1%.

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