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Fed rate cuts could come sooner than expected, says former Goldman CEO Lloyd Blankfein

Por: MarketWatch Politics September 27, 2023

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“Inflation is probably within the 3s. Let’s say you successfully get it to the high 2s,” Blankfein said Tuesday during a talk on commercial real estate and the economy. “You don’t need 5½ percent interest rates at that point, when inflation is relatively subdued.” Powell reiterated at week ago that the Fed remains committed to getting inflation down to its 2% annual target, while indicating that it . His comments followed a decision... + full article



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