The Federal Reserve is planning interest rate changes regardless of who chairs the committee. Currently, Jerome Powell’s term ends in May, and typically, successors are announced 8-10 months ahead. President Donald Trump’s expected pick could alter this timeline, potentially lowering interest rates sooner than predicted. This has led to a three-year low in the dollar due to concerns about the central bank’s independence and a quicker-than-expected rate cut.
Source: https://www.marketwatch.com/story/the-feds-moves-on-interest-rates-arent-just-about-trumps-pick-for-chair-heres-the-math-4a9b07d0