A new survey conducted by the National Association for Business Economics (NABE) indicates that monetary policy misjudgments pose the most significant risk to the U.S. economy by 2024, as reported by Jinshi Data on September 30. The study, which gathered insights from 32 expert forecasters, revealed that 39% of economists believe potential blunders in interest rate choices could be the primary economic threat in the upcoming 12-month period.

Interestingly, the survey showed that the outcome of the U.S. presidential election on November 5 and intensifying geopolitical conflicts in Ukraine and the Middle East were seen as substantial risks by 23% of respondents each.

Federal Reserve Chairman Jerome Powell is set to discuss these concerns in an upcoming speech, where he is expected to clarify the factors influencing the Federal Reserve’s anticipated rate reductions for the rest of this year and into 2025.