On September 6, billionaire John Paulson said the Federal Reserve waited too long to cut interest rates and predicted that the bank would lower rates in the coming months, BlockBeats reported.
Paulson, 68, is one of Trump's potential choices for Treasury secretary if he wins the election. He is known for his aggressive shorting of mortgage bonds before the 2008 financial crisis.
Paulson said in an interview that “my best guess” would be that the federal funds rate would be “around 3%, maybe 2.5%” by the end of next year. He said the rise in real rates suggests the Fed is lagging behind in easing monetary policy.
