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Economist Sumerlin confirms he's in the running for Fed chair, backs big interest rate cut
6 Articles
6 Articles
Sumerlin Supports 50 Point Fed Rate Cut
The Fed funds rate is “too high” and a 50 basis point cut would work due to the inversion of the curve, economist Marc Sumerlin said on "Bloomberg Surveillance" Friday morning. Sumerlin, a former Bush administration official and founder of Evenflow Macro, is reportedly being considered as a replacement for Federal Reserve Chair Jerome Powell. (Source: Bloomberg)
On Thursday (August 14), David Zervos, Jefferies Group's chief market strategist and a candidate for Federal Reserve chairman, said he believed the Fed was overdue for an interest rate cut and called for a more aggressive action. In an interview with CNBC, Zervos noted that while the July U.S. Producer Price Index (PPI) showed higher-than-expected upstream inflationary pressures, central bankers should not be deterred. Instead, he advocated for …
What Trump's Fed chair candidates have had to say in CNBC interviews - Los Angeles Weekly Times
President Donald Trump‘s short list to replace Jerome Powell as Federal Reserve chair has turned into a long list of nearly a dozen possible candidates. Among them are current and former Fed officials, prominent economists and a couple market-focused hopefuls, each with ideas about where the central bank should be headed at a critical juncture for monetary policy. For most of them, the views coalesce around a need to lower the Fed’s benchmark in…
Marc Sumerlin, economic adviser to the Bush Administration and possible successor to Jerome Powell at the head of the Federal Reserve (Fed), said Friday that the issuing institute should lower interest rates at its next September appointment, but that it should keep them if the long-term returns on US Treasury bonds go up.
MADRID, 15 (EUROPA PRESS) Marc Sumerlin, economic adviser with the George Bush Administration and possible successor to Jerome Powell at the head of the Federal Reserve (Fed), has assured this Friday that the issuing institute should lower interest rates at its next date in September, but that it should keep them if the yields rise [...] The entry The candidate to preside at the Fed Marc Sumerlin defends to lower interest rates in September at h…
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