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

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

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…

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Economist Sumerlin confirms he’s in the running for Fed chair, backs big interest rate cut

Economist Sumerlin confirms he’s in the running for Fed chair, backs big interest rate cut

Economist Marc Sumerlin, one of nearly a dozen reported contenders for Federal Reserve chair, said Thursday he’d be interested in the job and believes an aggressive interest rate cut would be appropriate. Sumerlin, a former senior economist under then-President George W. Bush, said on CNBC that lowering the Fed’s key rate would be an easy…

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