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MNI PODCAST: FedSpeak: Ghamami Sees Higher R-Star On Deficits

MNI speaks with SEC economist Samim Ghamami.
USCentral Bank NewsFederal ReserveStoryNorth America
MNI (WASHINGTON)
  • SEC Economist Samim Ghamami* says the neutral rate of interest has likely risen because of wider budget deficits.
  • Ghamami, also a former Treasury and Fed economist, thinks the Fed will cut rates next week but then potentially move to a wait-and-see stance next year.
  • He is encouraged by Treasury market reforms like central clearing that he says make the financial system safer, while highlighting the need for strong capital and liquidity buffers for principal trading firms. 

Listen to the full podcast here.

*Views expressed are Ghamami's personal views and do not necessarily reflect the views of the SEC, SEC chair, commissioners, or staff.

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MNI (WASHINGTON)
  • SEC Economist Samim Ghamami* says the neutral rate of interest has likely risen because of wider budget deficits.
  • Ghamami, also a former Treasury and Fed economist, thinks the Fed will cut rates next week but then potentially move to a wait-and-see stance next year.
  • He is encouraged by Treasury market reforms like central clearing that he says make the financial system safer, while highlighting the need for strong capital and liquidity buffers for principal trading firms. 

Listen to the full podcast here.

*Views expressed are Ghamami's personal views and do not necessarily reflect the views of the SEC, SEC chair, commissioners, or staff.