Federal Reserve Chairman Candidate Summerlin: Support the Fed to cut interest rates by 50 basis points next month
TechFlame
2025-08-15 14:42
TechFlame2025-08-15 14:42
English
According to TechFlame, according to Bloomberg, economist Marc Sumerlin (Marc Sumerlin), who is seen as a potential candidate for the Federal Reserve chairman, said that policymakers should cut interest rates sharply next month, but warned that if long-term US Treasury yields rise, they will have to stop cutting interest rates. Sumerlin is an economist at management consulting firm Evenflow Macro.
Mark Summerlin said that the 4.3% federal funds rate is too high, and there is room to cut interest rates by 50 basis points. Interest rate cuts of 50 basis points are supported because the curve is inverted.