The potential impact of Hasset's interest rate cuts on the dollar

According to Odaily, Volkmarr Bauer from Commerzbank stated in a report that Hasset, the prominent candidate for the next Federal Reserve chair, if he insists on pushing for interest rate cuts without any economic fundamentals to support such a move, the dollar may face pressure. Hasset recently commented that the Federal Reserve is "significantly behind" in terms of lowering interest rates. However, data indicates that the labor market is only slowly cooling, which contrasts with Hasset's claim. Bauer believes that Hasset is unlikely to abandon his push for interest rate cuts based on the facts, which could affect the dollar.