Goldman Sachs: The Federal Reserve's leadership change will not lead to a quick rate cut

robot
Abstract generation in progress

Odaily Planet Daily News: Goldman Sachs economist David Merick stated in a report to clients that the path for Kevin Wirth to become Federal Reserve Chair has become clear, but leadership changes may not immediately alter the Fed’s policy stance in the coming months. He pointed out: “When there are disagreements within the Federal Open Market Committee, the new chair may not be able to push for rate cuts as forcefully as Powell.” Regardless of Wirth’s influence, the new chair’s enthusiasm for rate cuts may not be much higher than Powell’s, especially given the still high uncertainty surrounding the Middle East war. However, Goldman Sachs still expects easing policies to be implemented before the end of the year, maintaining previous forecasts that the Federal Reserve will cut rates by 25 basis points in September and December. (Jin10)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin