The Federal Reserve's interest rate meeting may be overshadowed by the nomination of a new chairman, and it may lower the interest rate by 1%

According to Jinshi News, Louis Navellier, Chief Investment Officer of the fund management company Navellier, pointed out in a report that the upcoming Federal Reserve meeting this week may soon be overshadowed by the fact that U.S. President Trump will nominate a new Federal Reserve Chair in the coming weeks. Navellier expects that the new chair will require Senate confirmation, which will spark intense debates around inflation issues.

He analyzed that a serious risk of deflation is brewing, which may force the Federal Reserve to lower the key interest rate by at least 1%.