Goldman Sachs: A change in Federal Reserve leadership will not quickly alter rate-cut policy
ChainCatcher news, according to Golden Ten Data, Goldman Sachs economist David Mericle stated that Kevin Warsh's path to becoming the Chair of the Federal Reserve is now clear, but changes in leadership are unlikely to immediately alter the Fed's policy stance in the coming months. He noted that the new Chair may not push for rate cuts as strongly as Powell did, especially amid persistent uncertainty surrounding the Middle East conflict. Goldman Sachs still expects easing policies to be introduced before the end of the year and forecasts that the Federal Reserve will cut rates by 25 basis points each in September and December.
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