News list for "Reserve Chairperson Candidate"

According to Bloomberg, economist Marc Sumerlin, who is seen as a potential candidate for the Federal Reserve chairperson, said policymakers should cut interest rates sharply next month, but also warned that if long-term Treasury yields rise, they will have to stop cutting rates. Sumerlin is an economist at management consulting firm Evenflow Macro. Marc Sumerlin said the 4.3% federal funds rate is too high, and there is 50 basis points to cut interest rates. Because the curve is inverted, it su...

2025-08-15 14:40:36