No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 1, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

Potential Fed chair pick David Zervos of Jefferies backs aggressive interest rate cuts

by TheAdviserMagazine
2 months ago
in Economy
Reading Time: 3 mins read
A A
Potential Fed chair pick David Zervos of Jefferies backs aggressive interest rate cuts
Share on FacebookShare on TwitterShare on LInkedIn


Wall Street veteran David Zervos added his name Thursday to the list of potential Federal Reserve chairs who think the central bank is past due in approving an interest rate reduction.

The chief market strategist at Jefferies told CNBC that central bankers shouldn’t be daunted by the July producer price index showing pipeline inflation pressures hotter than expected.

Instead, he advocated the Fed move aggressively now to ease as a way to forestall a labor market slowdown and in fact help create a million more jobs. For the past three Fed meetings, Zervos has advocated a half percentage point cut in the federal funds rate, and he repeated that position during an interview.

“I’m still absolutely there. I think there is a reasonable storyline, a very cogent storyline, that suggests monetary policy is restrictive,” he said. “Generally speaking, I don’t see any reason why this [PPI] number changes that view.”

A process that had included just three or four names to succeed Fed Chair Jerome Powell when his term expires next year has expanded in recent days to nearly a dozen.

Zervos joins a list that includes current and past Fed officials, at least one Trump administration advisor and multiple other noted Wall Street economists. Of the group, Zervos and BlackRock bond strategist Rick Rieder are the only ones whose background is more concentrated on markets than economics.

“I think it would be an incredible benefit to have more market-savvy, more market-competent people involved in the monetary policy decision,” Zervos said.

Earlier in the day, economist Marc Sumerlin, also on the list of finalists, backed a half-point cut as well and said the Fed has been too conservative in fighting the inflation battle.

President Donald Trump has pushed hard for the Fed to cut, lashing out repeatedly at Powell and suggesting that the Federal Open Market Committee should slash as much as 3 percentage points, or 300 basis points, off the funds rate, which is currently around 4.33%.

“I don’t know that I could get all the way to 300, but I certainly could get to 200 and I could be convinced on lower than that if you really push the AI story and the technology story and the idea that we have disinflationary pressures building from a supply-side narrative,” Zervos said.

Zervos added that he is not deterred by the types of criticism Trump has leveled at the Fed.

“You go into that job fully understanding that you’re involved in the political process,” he said. “The goal is to have the debate be driven by facts and be driven by what is best for achieving the mandates that Congress sets out.”

Don’t miss these insights from CNBC PRO



Source link

Tags: aggressivebacksChaircutsDavidFedinterestJefferiespickpotentialrateZervos
ShareTweetShare
Previous Post

The 10 Fastest Growing Remote Careers Right Now — and 10 Companies Hiring

Next Post

Your dog is part of the climate change problem: ‘I can adopt 100 bunnies that will not be close to the emissions of a dog, because my dog is a carnivore’

Related Posts

edit post
Britain Vs Florida | Armstrong Economics

Britain Vs Florida | Armstrong Economics

by TheAdviserMagazine
September 30, 2025
0

  Living in Florida, I definitely see the difference compared to even New Jersey, where I have been given a...

edit post
Coffee Break: Armed Madhouse – Stopping START

Coffee Break: Armed Madhouse – Stopping START

by TheAdviserMagazine
September 30, 2025
0

This is Naked Capitalism fundraising week. 532 donors have already invested in our efforts to combat corruption and predatory conduct,...

edit post
How the Fourteenth Amendment Empowers Judicial Activism

How the Fourteenth Amendment Empowers Judicial Activism

by TheAdviserMagazine
September 30, 2025
0

In “Government by Judiciary: The Transformation of the Fourteenth Amendment” Raoul Berger argues that the Fourteenth Amendment is treated by...

edit post
The Real Jan. 6th Coup

The Real Jan. 6th Coup

by TheAdviserMagazine
September 30, 2025
0

In my first column after the events of Jan. 6th, 2021, I criticized those who called the protest a “coup,”...

edit post
Boston Fed President Collins sees caution on future interest rate cuts

Boston Fed President Collins sees caution on future interest rate cuts

by TheAdviserMagazine
September 30, 2025
0

Susan Collins, president of the Federal Reserve Bank of Boston, speaks during the National Association of Business Economics (NABE) economic...

edit post
The Rev Kev: Naked Capitalism – Bringing You Next Year’s News Today

The Rev Kev: Naked Capitalism – Bringing You Next Year’s News Today

by TheAdviserMagazine
September 30, 2025
0

Once more it is that time of the year. Yep, time to head to the Tip Jar because *checks calendar*...

Next Post
edit post
Your dog is part of the climate change problem: ‘I can adopt 100 bunnies that will not be close to the emissions of a dog, because my dog is a carnivore’

Your dog is part of the climate change problem: 'I can adopt 100 bunnies that will not be close to the emissions of a dog, because my dog is a carnivore'

edit post
Clicks to Cash: 15 Websites and Apps to Suit Every Seller

Clicks to Cash: 15 Websites and Apps to Suit Every Seller

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Find an Authentic yet Modern Escape in Durango, Mexico

Find an Authentic yet Modern Escape in Durango, Mexico

0
edit post
Audit client acceptance and continuance 

Audit client acceptance and continuance 

0
edit post
The FX Global Code: Why Now Is the Time

The FX Global Code: Why Now Is the Time

0
edit post
Linens & Hutch ALL Comforter Sets as low as .70 shipped! {Ends Tonight!}

Linens & Hutch ALL Comforter Sets as low as $32.70 shipped! {Ends Tonight!}

0
edit post
IKEA-backed NORNORM raises €50M as it sits pretty on profitability across core markets

IKEA-backed NORNORM raises €50M as it sits pretty on profitability across core markets

0
edit post
Drivers, Challenges & Key Players

Drivers, Challenges & Key Players

0
edit post
We’re not in an ‘AI winter’—but here’s how to survive a cold snap

We’re not in an ‘AI winter’—but here’s how to survive a cold snap

October 1, 2025
edit post
Trump’s high tariffs on several countries to hold back US economic growth: Harvard economist Kenneth Rogoff

Trump’s high tariffs on several countries to hold back US economic growth: Harvard economist Kenneth Rogoff

October 1, 2025
edit post
Find an Authentic yet Modern Escape in Durango, Mexico

Find an Authentic yet Modern Escape in Durango, Mexico

October 1, 2025
edit post
IKEA-backed NORNORM raises €50M as it sits pretty on profitability across core markets

IKEA-backed NORNORM raises €50M as it sits pretty on profitability across core markets

October 1, 2025
edit post
Sunny Agrawal flags overpriced unlisted stocks amid IPO frenzy

Sunny Agrawal flags overpriced unlisted stocks amid IPO frenzy

October 1, 2025
edit post
Stablecoin Crackdown: European Central Bank Gathers Backing For Joint Issuance Ban

Stablecoin Crackdown: European Central Bank Gathers Backing For Joint Issuance Ban

September 30, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • We’re not in an ‘AI winter’—but here’s how to survive a cold snap
  • Trump’s high tariffs on several countries to hold back US economic growth: Harvard economist Kenneth Rogoff
  • Find an Authentic yet Modern Escape in Durango, Mexico
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.