Goldman Sachs: The Federal Reserve will increase its easing efforts and ultimately cut the federal funds rate by about 200 basis points

Odaily Planet Daily News: Goldman Sachs economist David Mericle said in a recent report, "We expect Powell to express more confidence in the inflation outlook and emphasize the downside risks in the labor market more than he did at his press conference after the FOMC meeting in July Goldman Sachs' expectations for the Federal Reserve's interest rate outlook are largely consistent with the market: it is expected that the Fed will cut interest rates in each of its next three meetings, then increase its easing efforts, ultimately reducing the federal funds rate by about 200 basis points. The bank believes that Powell will give a very general preview of this policy path at the Jackson Hole Conference. (Golden Ten)