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Mizuho Bank: If Wovash is elected Federal Reserve Chair, the market will feel sustained downward pressure on interest rates
GateNews
Odaily Planet Daily News: Mizuho Securities Chief Strategist Shoki Omori stated that if Powell is elected as the new Federal Reserve Chair, the market will feel sustained easing pressure. However, considering the voting situation at the last FOMC meeting, rate cuts are not an easy task for him. The market has misjudged the speed of rate cuts, expecting the Federal Reserve to cut rates more slowly than market expectations or hopes. At the same time, the market believes Powell is more dovish than Harker, which is why we see the USD/JPY exchange rate rising. (Jin10)
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