Moody's Analytics Chief Economist Mark Zandi said, "I would like them [the Federal Reserve] to cut rates by 50 basis points, but I doubt they will cut by 25. I would like to see 50 because I think interest rates are too high. They have achieved full employment and inflation has returned to the target level, which is inconsistent with a federal funds rate target range around 5.5%. So I think they need to normalize interest rates quickly, and there's a lot of room to do so."