Fed Transition Won't Bring Fast Cuts, Goldman Sachs Says -- Market Talk

Dow Jones04-27 21:11

0911 ET - The path looks clear for Kevin Warsh's confirmation as Fed chair. But the leadership transition likely won't bring an immediate change to the Fed's policy stance in the months ahead, Goldman Sachs economist David Mericle says in a note to clients. "A new chair might not have as much influence as Powell had in pressing for cuts when the FOMC is divided," he says. And setting aside Warsh's sway, the incoming chair may not turn out to be much more eager to cut rates than Powell is, especially while uncertainty around the war in the Middle East remains high. Goldman still thinks easing is on the way before year end, however, holding onto its previous forecast that the Fed will cut by a quarter point each in September and December. (matt.grossman@wsj.com; @mattgrossman)

(END) Dow Jones Newswires

April 27, 2026 09:11 ET (13:11 GMT)

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