Wharton School Economist: US Economy May "Head Toward a Cliff" If Powell Doesn't Cut Rates Significantly

Article is form Jinse
September 18, 2024
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Jeremy Siegel, a Wharton School professor known as the "Godfather of the Stock Market," recently wrote an article arguing that the Federal Reserve should consider a more significant interest rate cut to avoid the risk of a recession. In his article, Siegel argues that most economic models suggest Powell should choose the federal funds rate level that best suits economic conditions, rather than focusing on the speed of rate cuts from a highly restrictive level.

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