Lloyds Bank: Hawkish Label Must Yield to Political Reality, Bullish Dollar Expectations May Be Short-Lived
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According to a report by Bijie Network: Bijie Network reports, according to ME News, on January 30 (UTC+8), Lloyds Bank foreign exchange strategist Nick Kennedy stated that Waller is the candidate I prefer, but his nomination prospects once appeared uncertain. From a policy perspective, his past stance has been more hawkish, and academically, he aligns with the current administration's view of reducing the balance sheet. However, during the nomination process, the candidate must align with Trump's preferences regarding policy rates. I believe that if one holds a contrary position, no one would be willing to take on this role. Therefore, the market's expectations for a bullish dollar may be difficult to sustain.
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