Barclays: Powell may push the Fed to cut interest rates next month

[Barclays: Powell May Push for Fed Rate Cut Next Month] Barclays Research points out that there is still uncertainty regarding the Fed's rate decision next month, but Chairman Powell is likely to push the FOMC to make a rate cut decision. Based on recent statements, Barclays believes that Governors Mulan, Bowman, and Waller may support a rate cut, while regional Fed Presidents Musalem and Schmidt tend to maintain the current interest rate. Governors Barr and Jefferson, as well as Goolsbee and Collins, have shown that their attitudes are still unclear, but they are more inclined to maintain the status quo. Governors Cook and Williams rely on data but seem to lean more towards supporting a rate cut. Barclays stated: “This means that before considering Powell's position, there may be six voters inclined to keep the interest rate unchanged and five inclined to cut rates.” The bank added that Powell will ultimately dominate this decision, as the threshold for governors to publicly oppose his position is quite high. ( Jin10 )