Post #15407

With Kevin Hassett emerging as the frontrunner for Federal Reserve chair—a vocal advocate for aggressive rate cuts—the U.S. dollar's appeal is tempered despite offering the highest real yields among G7 currencies. This dynamic leaves me mixed on USD's near-term trajectory. On one hand: US growth is outpacing peers, offering attractive real yield. At the same time - the current administration will push for rate cuts, and will likely get them with Hassett at the helm.