Commerzbank: If Hassett insists on cutting interest rates, the dollar may come under pressure.

According to Mars Finance, citing Jinshi, Volkmar Baur of Commerzbank stated in a report that if Hassett (a leading candidate for the next Federal Reserve Chair) insists on pushing for interest rate cuts regardless of economic fundamentals, the dollar may come under pressure. Baur pointed out that data shows the labor market is only cooling slowly, which does not support Hassett's view on interest rate cuts. He believes that Hassett may not abandon his rate cuts based on facts, and the dollar may pay the price for it.