CoinVoice has learned that, according to Bloomberg, economist Marc Sumerlin, who is viewed as a potential candidate for the Fed chair, 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 will have to stop the rate cuts. Sumerlin is an economist at the management consulting firm Evenflow Macro.



Mark Summerlin stated that a 4.3% federal funds rate is too high, with 50 basis points of room for a rate cut. Due to the inverted yield curve, he supports a 50 basis point rate cut.
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