CoinVoice has recently learned that, according to Bloomberg, economist Marc Sumerlin, seen as a potential candidate for Fed Chair, stated that policymakers should significantly cut interest rates next month, but also warned that if long-term U.S. Treasury yields rise, they would have to halt rate cuts. Sumerlin is an economist at the management consulting firm Evenflow Macro.

Marc Sumerlin stated that a federal funds rate of 4.3% is too high, and there is room for a 50 basis point cut. The inverted yield curve supports a 50 basis point cut. [Original link]