header-langage
简体中文
繁體中文
English
Tiếng Việt
한국어
日本語
ภาษาไทย
Türkçe
Scan to Download the APP

JPMorgan: Expects Powell to Accommodate Trump Rate Cut in the Short Term, Return to Hawkish Stance After Midterm Elections

2026-02-02 12:18

BlockBeats News, February 2nd, JPMorgan Chase's Chief U.S. Economist Michael Feroli predicted in a report that Powell may be inclined to cut interest rates in the short term, at least for this year. However, he also warned: "As time goes on, especially as we get past the midterm election and the government enters a lame-duck period, his stance is likely to shift, even back to a more hawkish nature."


It is worth noting that JPMorgan Chase did not adjust its interest rate cut expectations due to Powell's nomination. Feroli stated that even if Powell takes office, the bank still expects the Fed to "stay put" for the rest of the year.


Interestingly, a former Fed official who worked with Powell also believes that the "real Powell" will eventually emerge. This anonymous official told CNN: "Powell has coveted this position for too long. He is a smooth operator, extremely adept at climbing the ladder. But this position is his lifelong pursuit. If he merely becomes a yes-man just to rise to the top, it would be a Pyrrhic victory. The longer he stays in this position, the more likely he is to show his independence."

举报 Correction/Report
Correction/Report
Submit
Add Library
Visible to myself only
Public
Save
Choose Library
Add Library
Cancel
Finish