TechFlow, August 14 — According to Jinshi Data, Federal Reserve chair candidate Summerlin stated that aggressive rate cuts are appropriate. Given the current yield curve, combined with a weakening labor market and stable inflation, a 50-basis-point rate cut could be implemented without causing any disruption. At present, the pool of candidates to succeed current Fed Chair Powell is broad, and Summerlin's stance on interest rates at least aligns with Trump's direction. The incumbent U.S. president has repeatedly pushed for looser Fed policy, advocating rate cuts of up to three percentage points, but the Federal Open Market Committee (FOMC) led by Powell has kept the benchmark rate unchanged since its last cut in December 2024
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