The “New Debtor” Gunlak said that the next Federal Reserve Chairman chosen by US President Donald Trump will be a dovish. Interest rate cuts will occur after Powell leaves office, which will weaken the US dollar. The Fed's interest rate cut will not help long-term interest rates. Gunlak believes this may be Powell's last interest rate cut. He also added that Powell seems to be more concerned about rising unemployment. Gunlak suspects that quantitative easing will be needed, and believes that the private credit market is absorbing large amounts of supply. Gunlak doesn't think this is a “hawkish interest rate cut.”

The “New Debtor” Gunlak said that the next Federal Reserve Chairman chosen by US President Donald Trump will be a dovish. Interest rate cuts will occur after Powell leaves office, which will weaken the US dollar. The Fed's interest rate cut will not help long-term interest rates. Gunlak believes this may be Powell's last interest rate cut. He also added that Powell seems to be more concerned about rising unemployment. Gunlak suspects that quantitative easing will be needed, and believes that the private credit market is absorbing large amounts of supply. Gunlak doesn't think this is a “hawkish interest rate cut.”