The Fed has curbed inflation without causing a recession, Goldman Sachs' chief US economist said.
The Fed could make its first cut to interest rates by the second quarter of 2024, he said.
In a "Goldman Sachs Exchanges" podcast episode, David Mericle shared his views on the US economy, inflation, and what the Fed's likely to do next.
"I think we're in a situation where, with a lag, we should expect inflation to largely normalize," Mericle said.
Moreover, Mericle dismissed fears of a looming recession triggered by the central bank's inflation fight.
Persons:
Goldman Sachs, David Mericle, Mericle, Dow, we'll
Organizations:
Fed, Service, Federal Reserve
Locations:
Wall, Silicon