The Federal Reserve Chair is possible

The veteran David Zarfis in Wall Street added his name on Thursday to the list of potential federal reserve chairs who believe that the central bank has exceeded due to approval to reduce the interest rate.

The chief market strategy of the market at Jefferies told CNBC that Central bankers should not be exposed by July Product price index Show inflation pressure more hot pipelines than expected.

Instead, he called for a federal reserve bank now strongly to alleviate as a way to land Labor market slowdown In fact, it helps to create a million other jobs. Over the past three meetings, Zervos called for reducing the percentage of federal funds, and repeated this position during an interview.

“I am still completely there. I think there is a reasonable story, a very convincing story, noting that the monetary policy is restricted,” he said. “In general, I don’t see any reason that makes this number change this offer.”

A process included only three or four names to back up the Federal Reserve Chair Jerome Powell When his term ends next year Expansion For nearly a scale.

Zervos joins a list that includes current and former federal reserve officials, at least an adviser from the Trump administration and a number of other economists known in Wall Street. Among the group, Zervos and Blackrock Bond Reservate Rick RIEDER are the only one whose background focuses on markets more than the economy.

“I think it will be an amazing benefit to have more people who own the market than the market, and I participate in the monetary policy decision,” Zarfous said.

Earlier in the day, Economist Mark SamlinAlso in the final contestants list, supported by cutting half a point also and said that the federal reserve was very conservative in fighting the battle of inflation.

president Donald Trump It strongly pushed to reduce the federal reserve, and repeat again in Powell, indicating that the Federal Open Market Committee should reduce up to 3 percentage points, or 300 basis points, from the rate of money, which is about 4.33 %.

“I don’t know that I can reach 300, but I can definitely reach 200 and I can be convinced of less than that if I really pay the story of artificial intelligence, the technology story and the idea that we have uneven pressure from the narration side,” Zarfous said.

Zervos added that it is not seated with the types of criticism made by Trump at the Federal Reserve Bank.

“You go to this job fully understand that you are participating in the political process,” he said. “The goal is that the discussion is driven by facts and to be paid for what is better to achieve the delegations determined by Congress.”