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Fed chair candidate: Should significantly cut interest rates next month but be wary of long-term bond yields rising.
[Block Rhythm] On August 15, it was reported that economist Marc Sumerlin, viewed as a potential chairman candidate for the Fed, stated that policymakers should significantly cut interest rates next month, but at the same time warned that if long-term U.S. Treasury yields rise, they would have to stop cutting rates. Sumerlin is an economist at management consulting firm Evenflow Macro.
Mark Summerlin stated that a 4.3% Fed funds rate is too high, with 50 basis points of room for a rate cut. Due to the inverted curve, he supports a 50 basis point rate cut.