Navellier Predicts Intense Inflation Debate Amid Upcoming Fed Chair Nomination

Fund management company Navellier's Chief Investment Officer Louis Navellier has highlighted potential overshadowing of this week's Federal Reserve meeting due to U.S. President Donald Trump's upcoming nomination of a new Fed Chair. According to ChainCatcher, Navellier anticipates that the Senate confirmation process for the new chair will spark intense debates concerning inflation. Navellier further analyzed that a severe deflation risk is brewing, which may compel the Federal Reserve to reduce key interest rates by at least 1%.