#CNBC Economist Sumerlin confirms he’s in the running for Fed chair, backs big interest rate cut

Economist Sumerlin confirms he’s in the running for Fed chair, backs big interest rate cut
Economist Marc Sumerlin, one of nearly a dozen reported contenders for Federal Reserve chair, said Thursday he’d be interested in the job and believes an aggressive interest rate cut would be appropriate.

Sumerlin, a former senior economist under then-President George W. Bush, told CNBC that lowering the Fed’s key rate would be an easy decision now.

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