Goldman Sachs Chief Economist Jan Hatzius on Friday said he still expects the Federal Reserve to implement three interest rate cuts, adding that he would be "very surprised" if the U.S. central bank ultimately decided no trims at all were necessary.
His comments come shortly after Minneapolis Fed President Neel Kashkari became the latest high-profile official to float the possibility of zero rate cuts before the year's end, if inflation remained sticky.
"If we continue to see inflation moving sideways, then that would make me question whether we need to do those rate cuts at all," Kashkari said on Thursday during an interview with Pensions & Investments.
Separately, Fed Chair Jerome Powell said earlier in the week that it would take a while for policymakers to evaluate the current state of inflation, leaving the timing of potential interest rate cuts uncertain.
Speaking to CNBC's Steve Sedgwick on the sidelines of the Ambrosetti Forum on Friday, Goldman Sachs' Hatzius said he was bullish on the outlook for the U.S. economy.
Persons:
Goldman, Jan Hatzius, Neel Kashkari, Kashkari, Jerome Powell, Steve Sedgwick, Goldman Sachs, Hatzius, I'm, we've
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Locations:
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