TechFlow reported that on November 14, according to Jinshi Data, Trump will appoint Musk to lead the new Office of Government Efficiency. Ulrich Leuchtmann, head of foreign exchange and commodity research at Commerzbank, pointed out that this will have disastrous consequences for the US economy: "Musk does not believe in a cautious approach of gradual progress. I don't believe he can take a wise step. Some people will say that their suggestions will only be suggestions, and there are still the president and Congress in front of them when it comes to actual implementation. But if the suggestions will not be implemented, why set up such an institution? The president will appear indecisive, which is exactly what Trump does not want to see. The argument of using radical austerity plans to create a positive dollar is very smart. After all, this will greatly reduce the capital needs of the US Treasury, thereby reducing the capital needs of the entire economy. U.S. Treasury bonds will become scarce and expensive again. However, I think the dollar may prevail in the early stages due to the inevitable expansionary monetary policy response."