CoinWorld News reports that Goldman Sachs economist David Mericle said in a report to clients that the path for Kevin Wosh to become the Chair of the Federal Reserve is now clearly visible, but changes in the leadership may not immediately alter the Federal Reserve’s policy stance in the coming months. He noted that when the Federal Open Market Committee is divided, the newly appointed chair may not be able to push for rate cuts as forcefully as Powell. Although Wosh’s influence is still unclear, the new chair’s enthusiasm for rate cuts may not be much higher than Powell’s—especially with uncertainty over the war in the Middle East still remaining high. However, Goldman Sachs still believes that easing measures will be rolled out before the end of the year, maintaining its prior forecast that the Federal Reserve will cut rates by 25 basis points in September and December, respectively.