Marc Summerlin, an economist considered a potential candidate for Federal Reserve chairman, said policymakers should cut interest rates aggressively next month, but warned they would have to halt those cuts if long-term Treasury yields rise. Sumerlin is an economist at management consulting firm Evenflow Macro.

Mark Summerlin said the federal funds rate of 4.3% is too high and there's room for a 50 basis point cut. He supports a 50 basis point cut due to the inverted yield curve. (Bloomberg)