No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 23, 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
Market Talk – October 22, 2025

Market Talk – October 22, 2025

by TheAdviserMagazine
October 22, 2025
0

ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 8.27 points or -0.02% to...

edit post
Dem Gerontocrats Try To Crush Graham Platner in Maine Senate Race

Dem Gerontocrats Try To Crush Graham Platner in Maine Senate Race

by TheAdviserMagazine
October 22, 2025
0

The D.C. consensus is becoming clear, the gerontocrats, led by Chuck Schumer, are on the verge of crushing the pesky...

edit post
New Rothbard Letters Show His Early Opposition to both Nixon and Reagan

New Rothbard Letters Show His Early Opposition to both Nixon and Reagan

by TheAdviserMagazine
October 22, 2025
0

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...

edit post
We Have Not Properly Reckoned with the Economic Insanity of 2020

We Have Not Properly Reckoned with the Economic Insanity of 2020

by TheAdviserMagazine
October 22, 2025
0

It’s been nearly six years since the SARS-CoV-2 virus spread into the United States, ushering in the pandemic that would...

edit post
Profits are Social Authentication – Econlib

Profits are Social Authentication – Econlib

by TheAdviserMagazine
October 22, 2025
0

In his 1980 book, Knowledge and Decisions, Thomas Sowell highlights the importance of social authentication and verification processes. Does this...

edit post
Links 10/22/2025 | naked capitalism

Links 10/22/2025 | naked capitalism

by TheAdviserMagazine
October 22, 2025
0

Working Cats: A Brief History of Human-Feline Partnerships Earth Food Life Brainwave study sheds light on cause of ‘hearing voices’...

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
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
How the U.S. Government Shutdown is Impacting Real Estate Across the Country

How the U.S. Government Shutdown is Impacting Real Estate Across the Country

0
edit post
2025 Spanish Regional Tax Competitiveness Index

2025 Spanish Regional Tax Competitiveness Index

0
edit post
Lodgerin launches Abroad – the software redefining global mobility

Lodgerin launches Abroad – the software redefining global mobility

0
edit post
Israel Aerospace unveils new armed drone

Israel Aerospace unveils new armed drone

0
edit post
Corn Faces Tuesday Losses

Corn Faces Tuesday Losses

0
edit post
We Have Not Properly Reckoned with the Economic Insanity of 2020

We Have Not Properly Reckoned with the Economic Insanity of 2020

0
edit post
Israel Aerospace unveils new armed drone

Israel Aerospace unveils new armed drone

October 23, 2025
edit post
Why .2B prediction markets’ major league sports backing is huge blow to legacy betting

Why $8.2B prediction markets’ major league sports backing is huge blow to legacy betting

October 23, 2025
edit post
Japan says it plans to tell Trump it will build up military, upgrade security strategy

Japan says it plans to tell Trump it will build up military, upgrade security strategy

October 23, 2025
edit post
2025 Spanish Regional Tax Competitiveness Index

2025 Spanish Regional Tax Competitiveness Index

October 23, 2025
edit post
High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja

High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja

October 22, 2025
edit post
Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

October 22, 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

  • Israel Aerospace unveils new armed drone
  • Why $8.2B prediction markets’ major league sports backing is huge blow to legacy betting
  • Japan says it plans to tell Trump it will build up military, upgrade security strategy
  • 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.