Paulson, Trump's potential Treasury secretary, says the Fed is expected to cut interest rates to as low as 2.5% by the end of 2025
Billionaire John Paulson said the Federal Reserve waited too long to cut interest rates, and expects the central bank to lower rates in the coming months. The 68-year-old Paulson is one of the potential Treasury Secretary candidates if Trump is re-elected, known for his massive short position in mortgage-backed securities before the 2008 financial crisis. In an interview, Paulson said his "best forecast" would be that the federal funds rate will be "around 3%, or perhaps 2.5%" by the end of next year. He stated that the rise in real interest rates indicates the Federal Reserve is behind the curve in easing monetary policy. (Jinshi)
