Fed Outlook: Zervos advocates for a 0.5% rate cut to stimulate the job market

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On August 15, according to reports, potential Fed Chair Jeffrey's Chief Market Strategist David Zervos stated that Fed officials should not be frightened by the potential inflation pressures indicated by the July Producer Price Index being higher than expected. Instead, he advocated for the Fed to actively take easing measures now to prevent a slowdown in the labor market, which would actually help create over a million jobs.

In the last three Fed meetings, Zervos has consistently advocated for a 0.5 percentage point reduction in the federal funds rate, and he reiterated this stance in an interview. "I absolutely still hold the same view. I think there is a reasonable and very compelling narrative that suggests that monetary policy is restrictive. Overall, I see no reason to change this view."

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DefiOldTrickstervip
· 16h ago
The Fed is just a trap for going long; seasoned players know it.
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SchrodingerAirdropvip
· 17h ago
It's still early for interest rate cuts; the fight against inflation is not over yet.
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SilentObservervip
· 17h ago
Here comes another attempt to fool retail investors.
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BridgeTrustFundvip
· 17h ago
Just go hard at it, huh? Eager to point shaving?
View OriginalReply0
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