Fed Funds Rate Critique

Economist Marc Sumerlin stated that the current Fed funds rate is “too high” and advocated for a 50 basis point cut. He emphasized that this adjustment is necessary due to the inversion of the yield curve.

Potential Fed Chair Contender

Sumerlin, a former official in the Bush administration and founder of Evenflow Macro, is reportedly under consideration as a potential replacement for Federal Reserve Chair Jerome Powell.